Three Down Days? Three Dog Night?

April 27, 2009

By Bill Singer

http://BrokeAndBroker.com

One is the loneliest number. 

Two is company. 

But three is a mystical portent. 

As a long time fiddler with all things pertaining to technical analysis (although, not necessarily a believer), I noticed that on February 19, 20, and 21st the Dow Jones Industrial Average (DJIA) closed down for each of those consecutive trading days.  However, there has not been another three-day-Down period since then, during which time we've been in an uptrend (with a hiccup from February 25 through March 3rd when we had a five-day-Down trend--but five isn't three and a pattern is a pattern and either you're buying into this spellbinding voodoo or you're not. (If you're not, stop reading here.)

Alas, it seems that this week, we may finally test the powers of the three-day-Down streak.  The news of Swine Flu may send the markets into a tailspin--perhaps even into three consecutive days of DJIA declines.  If that's the case, then the numbers are what they are and the recent trend may indeed finally have broken.  As I keep saying, I ain't predictin' nuthin. Just calling the horse race. Reading the thermometer.

In response to popular acclimation, I have printed below the updated version of the DJIA closing price chart.  Wash your hands after handling.  It has dangerous powers.  To learn more about this occult mystery, please pick up the trail here:

And of course, what more appropriate music to listen to while mulling over this numeric arcana than Three Dog Night singing One (is the Loneliest Number)

 

DATE DJIA CLOSE A/O 1/6/2009 TICK TREND

NET TREND A/O 1/6/2009

NOTES
27-Apr-09            
24-Apr-09 8,076.29 -10.414% UP   -7  
23-Apr-09 7,957.06 -11.736% UP   -7  
22-Apr-09 7,886.57 -12.518% DOWN -1 -7  
21-Apr-09 7,969.56 -11.598% UP 1 -6  
20-Apr-09 7,841.73 -13.016% DOWN -1 -7  
17-Apr-09 8,131.33 -9.803% UP 3 -6  
16-Apr-09 8,125.43 -9.869% UP   -9  
15-Apr-09 8,029.62 -10.931% UP   -9  
14-Apr-09 7,920.18 -12.145% DOWN -2 -9  
13-Apr-09 8,057.81 -10.619% DOWN   -7  
9-Apr-09 8,083.38 -10.335% UP 2 -7  
8-Apr-09 7,837.11 -13.067% UP   -9  
7-Apr-09 7,789.56 -13.594% DOWN -2 -9  
6-Apr-09 7,975.85 -11.528% DOWN   -7  
3-Apr-09 8,017.59 -11.065% UP 4 -7  
2-Apr-09 7,978.08 -11.503% UP   -11  
1-Apr-09 7,761.60 -13.904% UP   -11  
31-Mar-09 7,608.92 -15.598% UP   -11  
30-Mar-09 7,522.02 -16.562% DOWN -2 -11  
27-Mar-09 7,776.18 -13.743% DOWN   -9  
26-Mar-09 7,924.56 -12.097% UP 2 -9  
25-Mar-09 7,749.81 -14.035% UP   -11  
24-Mar-09 7,660.21 -15.029% DOWN -1 -11  
23-Mar-09 7,775.86 -13.746% UP 1 -10  
20-Mar-09 7,278.38 -19.265% DOWN -2 -11  
19-Mar-09 7,400.80 -17.907% DOWN   -9  
18-Mar-09 7,486.58 -16.955% UP 2 -9  
17-Mar-09 7,395.70 -17.963% UP   -11  
16-Mar-09 7,216.97 -19.946% DOWN -1 -11  
13-Mar-09 7,223.98 -19.868% UP 4 -10  
12-Mar-09 7,170.06 -20.466% UP   -14  
11-Mar-09 6,930.40 -23.125% UP   -14  
10-Mar-09 6,926.49 -23.168% UP   -14  
9-Mar-09 6,547.05 -27.377% DOWN -1 -14 4/d of
6-Mar-09 6,626.94 -26.491% UP 1 -13 1/d Trends
5-Mar-09 6,594.44 -26.851% DOWN -1 -14  
4-Mar-09 6,875.84 -23.730% UP 1 -13  
3-Mar-09 6,726.02 -25.392% DOWN -5 -14 5/d DOWN
2-Mar-09 6,763.29 -24.978% DOWN   -9  
27-Feb-09 7,062.93 -21.654% DOWN   -9  
26-Feb-09 7,182.08 -20.333% DOWN   -9  
25-Feb-09 7,270.89 -19.348% DOWN   -9  
24-Feb-09 7,350.94 -18.460% UP 1 -9  
23-Feb-09 7,114.78 -21.079% DOWN -3 -10 3/d DOWN
20-Feb-09 7,365.67 -18.296% DOWN   -7  
19-Feb-09 7,465.95 -17.184% DOWN   -7  
18-Feb-09 7,555.63 -16.189% UP 1 -7  
17-Feb-09 7,552.60 -16.223% DOWN -3 -8  
13-Feb-09 7,850.41 -12.919% DOWN   -5  
12-Feb-09 7,932.76 -12.006% DOWN   -5  
11-Feb-09 7,939.53 -11.931% UP 1 -5  
10-Feb-09 7,888.88 -12.493% DOWN -2 -6  
9-Feb-09 8,270.87 -8.255% DOWN   -4  
6-Feb-09 8,280.59 -8.148% UP 2 -4  
5-Feb-09 8,063.07 -10.560% UP   -6  
4-Feb-09 7,956.66 -11.741% DOWN -1 -6  
3-Feb-09 8,078.36 -10.391% UP 1 -5  
2-Feb-09 7,936.83 -11.961% DOWN -3 -6  
30-Jan-09 8,000.86 -11.250% DOWN   -3  
29-Jan-09 8,149.01 -9.607% DOWN   -3  
28-Jan-09 8,375.45 -7.095% UP 3 -3  
27-Jan-09 8,174.73 -9.322% UP   -6  
26-Jan-09 8,116.03 -9.973% UP   -6  
23-Jan-09 8,077.56 -10.400% DOWN -2 -6  
22-Jan-09 8,122.80 -9.898% DOWN   -4  
21-Jan-09 8,228.10 -8.730% UP 1 -4  
20-Jan-09 7,949.09 -11.825% DOWN -1 -5  
16-Jan-09 8,281.22 -8.141% UP 2 -4  
15-Jan-09 8,212.49 -8.903% UP   -6  
14-Jan-09 8,200.14 -9.040% DOWN -6 -6  
13-Jan-09 8,448.56 -6.284% DOWN   0  
12-Jan-09 8,473.97 -6.002% DOWN   0  
9-Jan-09 8,599.18 -4.614% DOWN   0  
8-Jan-09 8,742.46 -3.024% DOWN   0  
7-Jan-09 8,769.70 -2.722% DOWN   0  
6-Jan-09 9,015.10          

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