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This is seventh positive session in a row on the Nasdaq 100 and DJI indexes. In addition today's daily volume even stronger then the yesterday's daily volume on some indexes.
Below you will find some statistics about 7 and more positive sessions on the Nasdaq 100 index:
| Period | # of Positive Sessions | # of Advanced Points | Were change in a trend witnessed after? |
Jul 2, 2010 - Now | 7 | 6.78 | ? |
Feb 24 - Mar 12, 2010 | 13 | 6.79 | NO |
| Nov 2 - 11, 2009 | 8 | 6.53 | YES |
| Oct 5 - 14, 2009 | 8 | 5.30 | YES |
| Jun 8 - 27, 2009 | 12 | 12.57 | YES |
| The next one goes back to 2007 | |||
The numbers above do not imply that we may see a down-turn. Yet taking into account increase in volume I may expect a slow down of the current recovery, and at leas a side-way trading - then we may see how it develops.
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