Today’s closing pattern was seen just once, on June 13 2000, just before prices continued their decline that continued for almost another year. Our diagram shows that it came some 124 days after the market high of March 2000. That time profile is quite similar to recent market visits to highs and then retreating before continuing to post another, higher close.
DJIA .12 percent
NASDAQ -.33 percent
S&P500 .04 percent
