Three gains in a row happen twice as often during expansions than when prices are heading down. Today’s diagram, locating these days, reveals they come in series, with five of these days happening within 100 days of the 2007 market top. The last happening of this pattern was last September – that is 90 days since this market’s high in January.
As for tomorrow, in the past gains barely outnumbered declines, though following day prices were lower 20 times out of 34 events during the 2003/2007 bull market.
DJIA .05 percent
NASDAQ .54 percent
S&P500 .16 percent
