With an equal number of down and up closes –five of each– in the last ten trading days, todays final 1,472.29 is higher, though barely, than the 1,464.07 of August 22.
In the past seven years, a negative close followed two successive gains 139 times, while a third higher close occurred only 119 times.
But when the two gains were between 1% and 2% –as on Friday and Tuesday– the third day closed up between 1% and 2% only five times, while there were seven days with losses between -1% and -2%.
However, six of those losses were smaller than -1%, while one, on August 23, 2002, dropped by 2.27%.
This entry was posted on Thursday, September 6th, 2007 at 12 122007000000Thu, 06 Sep 2007 00:12:21 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed.
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