March 30, 2012 Historic and Unusual, Indeed
Only six other closes, and none since mid 2003, exist with todays pattern: the fourth drop in a row for the NASDAQ, while the DJIA and the S&P500 avoided the same outcome, finally rising after three straight drops.
More curious still, the last four of these cluster at the 2003 bottom and the early stages of the following recovery.
Finally, lets focus also on collecting and analyzing these and other seldom seen combinations, to understand what, if any, insights they generate about price changes on the days to come.
DJIA .50 percent
NASDAQ -.12 percent
S&P500 .37 percent
Apologies for the short and sometimes missing daily briefs. The flu kept after me, and often, though feeling better, the mind lagged the physical recovery.
Hope thats all done for this flu season, and expect to return with insightful analysis as always.