April 20, 2012 Pattern Fading with Time

April 20. 2012

With the NASDAQ declining for the third straight session, while the DJIA and the S&P500 moving higher after two losses in a row, the market replayed a pattern seen only 17 times in this century. Significantly only four of these came since March 2009.

The other 11 occurred before the 2007 top.

Given that distance and having just 17 observations, any attempt to provide a projection based on these characteristics will be futile and even misleading.
DJIA              .50 percent

NASDAQ    -.24 percent

S&P500        .12 percent

Leave a Reply

You must be logged in to post a comment.