Up until yesterday (5/25/05), the Nasdaq Composite had risen for eight straight days:
click for larger chart
Source: Mike Panzner
Mike Panzner observes: "Since the creation of that index in 1971, there have only been 86 instances (or 4.13% out of a total of 2,080 streaks of from 2 to 19 days) where the market has
had an unbroken string of eight or more up or down days in a row.
Not surprisingly, the lengthier streaks tend to be rallies, although one of the most notable downtrends was a 16-day unbroken string of losses that ended on 2/9/1984.
The longest unbroken winning streak was a 19-day run that ended on 8/31/1979.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.