Garamond;mso-bidi-font-family:Garamond;color:black”>March 17, 2011 First Up Day of the Week
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Garamond;mso-bidi-font-family:Garamond;color:black”>The market firmed up, after
three declines, posting gains of 1.39
percent for the DJIA and 1.34 percent for the S&P500. The NASDAQ has increased
also, but advanced only .73 percent.
Nevertheless, values still lag Mondays close, with the NASDAQ now worth
only 97.9 percent of its price at the
beginning of the week.
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Garamond;mso-bidi-font-family:Garamond;color:black”>Todays pattern -an
increase after three consecutive declines- has occurred on 25 other days since
the beginning of 2000. However, in the past, on the day after, prices fell more
often 15 declines for the DJIA- than they rose -10 advances for the DJIA. The
S&P500 did slightly better with 14 losses while the NASDAQ fell 13 times,
increasing on 12 days.
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Garamond;mso-bidi-font-family:Garamond;color:black”>Another way to view todays
performance is to recognize that the S&P500 increase of 1.34 percent ranks
as the 295th largest since 2000.
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Garamond;mso-bidi-font-family:Garamond;color:black”>Note that todays market
results confirmed yesterdays projection.
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Garamond;mso-bidi-font-family:Garamond;color:black”>DJIA 1.39
percent
Garamond;mso-bidi-font-family:Garamond;color:black”>NASDAQ .73 percent
Garamond;mso-bidi-font-family:Garamond;color:black”>S&P500 1.34
percent