March 7, 2012 First Gain of the Week
It took till Wednesday for the market to record a positive close of near two thirds of a percent. Todays pattern of +1/-3, that is an advance following three successive losses, has 31 previous repeats in this century. Of these, a good majority shared the good times of an escalating market, with just nine happening during the 2000/2003 and 2007/2009 declines. Results for the following day continued this patterns association with higher prices, with 10 of the 15 next-day increases posted during the bull market of 2003/2007 and the current expansion that started in March 2009. DJIA .61 percent
NASDAQ .87 percent
S&P500 .69 percent