Prices have now changed direction four times in the last six sessions – a pattern seen just 28 other days since January 1996. The last time this happened was on October 5 of last year – prices fell on the following day.
The rarity of this seesaw is extreme; if indeed prices increase on Monday, it will be for only the 13th occasion in the more 4,500 trading days of the last five up and down price cycles.
The diagram reveals, once again, the continuing frequency at or before market tops that have pervaded the pattern of recent closes.
DJIA .36 percent
NASDAQ .11 percent
S&P500 .48 percent
