USMarketView

February 29, 2012             Market Declines 

The three indices turned down, following four plus days by the NASDAQ and the S&P500. While the DJIA fell, continuing its recent streak of up then down days.   Today’s close is the 479^th repeat of this pattern –down after an up day- in the more than 3,000 trading days since the beginning of 2000. On the following day in the past, all three indices came back positive less than half of the time, with only 220 such follow-ups.

With most of these upturns happening during the 2003/2007 and 2009/2012 expansions, today’s pattern continues the recent replication of combinations usually experienced in bull markets. 

 DJIA            -.41 percent

NASDAQ    -.66 percent

S&P500        -.47 percent

This entry was posted on Thursday, March 1st, 2012 at 12 102012000000Thu, 01 Mar 2012 10:48:46 +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.