January 31, 2012 More of the Unfamiliar
With just three other sessions posting this pattern in the last 12 years, todays result continues the recent spate of odd patterns. Moreover, the last repeat occurred during July 2004, just as prices continued their increase, after a short, resting pause. The other two incidents came in similar circumstances after prices returned to their losing trend that ended with the market trough of 2003.
Look for more features and dimensions of this four declines for the DJIA and the S&P500 while the NASDAQ had a positive close will be posted later today.
DJIA -.16 percent
NASDAQ .07 percent
S&P500 -.05 percent