August 3, 2012 Gain after Four Losses
Prices jumped near two percent, as the week of daily losses closed. Our diagram identifies the 11 previous closes with the same pattern of +1/-4 performance. The numbers along the bottom of the graph indicate the changes of the S&P500 on the following day.
Only four continued higher while the other seven days returned to losses.
DJIA 1.69 percent
NASDAQ 2.00 percent
S&P500 1.90 percent
