January 9, 2013 – Rare Pattern

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The S&P500 moved higher after yesterday’s loss, while the NASDAQ fell after yesterday’s uptick and the DJIA declined for the second day in a row.  This combination occurred just twice since early 1996 – some 4,527 trading days ago.

Today’s diagram reveals these earlier closes happening while there was a pause in the market’s flow, and that shortly thereafter that prices continued their move without changing direction.

 

DJIA                -.11 percent

NASDAQ        -.23 percent

S&P500           .03  percent

 

 

 

 

 

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