May 2, 2012 NASDAQ Up DJIA and S&P500 Down Yield a Positive Outlook
With the NASDAQ gaining .31 percent and closing higher for the second day in a row, while the DJIA and the S&P500 fell after yesterdays gains, the market replayed a pattern seen 36 other times in the past 13 years. The diagram locates these days, using a green symbol to indicate advances on the next day, and red circles to show declines on the following day.
In the past, this pattern occurred twice as often when prices were rising as when they were in decline.
Further, prices moved higher on the following day, also twice as often as they declined.
In sum, a cheerful outlook provided the future follows the same course as occurred in the past.
DJIA -.08 percent
NASDAQ .31 percent
S&P500 - .25 percent
