August 20, 2012 Another Rare Pattern
All negative changes of the DJIA, NASDAQ and the S&P500 are so small as to be insignificant. The S&P500 decline, for example, is less than .01 percent! The DJIA posted the largest decline today at -.03 percent!
The last time changes this small occurred was in 1991. Yet in the 1960′s four such closes posted. Our diagram reveals these to be associated with falling prices.
We share these results more as history than as possible projections of what might happen in the near future.
Unusual is the best word to describe recent patterns and changes in the market yet our analysis so far has not revealed the why and the how these rare patterns, not seen for decades, will affect the future.
DJIA -.03 percent
NASDAQ -.01 percent
S&P500 -.00 percent
