July 9, 2012 Slight Losses Continue
The DJIA and the S&P500 fell for the third straight session while the NASDAQ declined for the second day in a row. The good news, though, is that of the ten other such closes in the past 13 years, only three happened while prices were on the decline, during the 2000/2003 bear market.
Accordingly, these closes suggest that the trend is for a continued higher prices.
Losses, however, were the rule on seven of the ten following days. Further all four of the recent repeats since the 2009 trough, fell another day.
DJIA -.28 percent
NASDAQ -.19 percent
S&P500 -.16 percent
