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September 9, 2011                Does Large Gain Signal Return to Higher Prices?

 

Prices soared more than two percent as the market changed direction once again. The NASDAQ’s  3.04 percent increase ranks as the 129^th largest in this century. Similarly, the DJIA  2.47 percent jump stands in the 83^rd     , place; the S&P500 change is its 70^th largest increase.

 

Strangely, such gains did not occur in bull markets – they came at lower turning points. There were none during the entire 2003/2007 expansion – but they clustered at the 2003 and 2009 bottoms, just before prices started a major, positive trend.

 

DJIA              2.47 percent

NASDAQ      3.04 percent

S&P500         2.86 percent

This entry was posted on Thursday, September 8th, 2011 at 12 112011000000Thu, 08 Sep 2011 11:24:47 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.