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 |
|# of Advanced|
| Were change in |
a trend witnessed after?
Jul 2, 2010 - Now
Feb 24 - Mar 12, 2010
|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.