January 30, 2012 Another Uncommon Pattern
Today continued the recent repeats of [1] small changes, [2] unusual combinations, and [3] small number of earlier sessions with these characteristics. At the close, the NASDAQ fell after yesterdays gain, whereas the DJIA and the S&P500 moved higher, reversing their increases of the previous day.
There are just eight such days in the record and non since 2009. Further, the one before came in 2004.
We are continuing the study of these rare combinations but their very infrequency makes it a difficult task and prevents a statistically significant explanation. Moreover, we have not perceived, to date, a common thread in these repeats.
Perhaps there is none, yet their recent happenings demand attention.
DJIA .45 percent
NASDAQ -.27 percent
S&P500 .28 percent