While declines continued, losses were modest and far smaller than yesterday. The DJIA fell only -.19 percent, only a tenth of the day before.
The outlook for tomorrow, based on the history of two losses after a positive day, favors an uptick. But the margin is small, with 54 percent gaining and 46 percent declining. Further, most of the plus days happened during the 2003/2007 bull market; the current, since March 2009 up phase shows no trend, with slightly more losses than gains on the following day.
Meanwhile our diagram reveals this price recovery is on track with the last bull market. Currently 915 trading days since its last, March 2009 bottom, the S&P500 continues to parallel the 2003/2007 rise which turned down after 1,154 days of expansion.
DJIA -.19 percent
NASDAQ -.29 percent
S&P500 -.31 percent
