USMarketView

May 15, 2009

WEB HOST IS DOWN – FAILED ON 5/15 . . . STILL NOT UP

 

Up and down for the eight’s day in a row, the DJIA has fluctuated this long only eight other times since 1950.  Yet no clear pattern emerges that is usable in terms of forecasting the market’s direction.  They occur twice as often when prices have reached a top as when they are rising.

For comparison, consider the frequency of the up-then-down pattern by the number of seesaws.

 

                        Number of Up-then-Down Runs                  Frequency

3                                                                                            293

4                                                                                            157

5                                                                                              67

6                                                                                              36

7                                                                                              15

8                                                                                                8

9                                                                                                2

Clearly, these are rare events.  But then market patterns have followed this track of odd and unusual combinations quite often recently.

 

DJIA                  .-.74 percent

NASDAQ           -.54 percent

S&P500             -1.08 percent

 

This entry was posted on Monday, May 18th, 2009 at 12 092009000000Mon, 18 May 2009 09:22:15 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.