July 30, 2012 Pattern Occurred 168 Days Before 2007 Top
Today’s decline after Friday’s pattern of three gains for the DJIA and two advances for the NASDAQ and the S&P500 yields a combination seen only once before in this century. That came on February 8, 2007, some 168 days before the market topped out on October 9, 2007. See the diagram below.
Yet we are not calling for a soon to be downturn. We’re merely reporting a historical fact. Indeed, having brought this to your attention, we keep this post brief and sign off.
