May 3, 2012 Another Down Day – with Positive History

May 3, 2012                       Another Down Day – with Positive History

 

The NADAQ’s  decline, joining the second drop in a row for the DJIA and the S&P500, is the 30th repeat of this pattern. In the past, most of these days occurred while prices were trending higher. This combination happened just once during the decline of 2007/2009.

As for the following day, in the past, prices increased 23 times, falling on just 6 days.

 

DJIA                       -.08 percent

NASDAQ               .31 percent

S&P500              - .25 percent

This entry was posted on Friday, May 4th, 2012 at 12 092012000000Fri, 04 May 2012 09:48:23 +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.

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