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Thursday, March 4, 2021

Looking at the past upon the last three stock market corrections against the Relative Strength Index

      Back on 3/23/20 the DOW was at 28.83, the S & P 500 on 3/23/20 was at 30.16 and the NASDAQ on 3/23/20 was at 34.25 percent on the Relative strength Index.        The next correction that hit its lowest point was on 9/23/20, the DOW was at 36.62, the S & P 500 was at 37.04 and the NASDAQ was at 40.14 percent on the Relative Strength Index.        Another time when the stock market bottomed out was on 10/28/20, the DOW was at 30.62, the S & P 500 was at 35.23 and the NASDAQ was at 39.91 percent on the Relative Strength Index.     With a range between 4 to 9 percent when the markets went through bottoming out before starting up another bull run.        The last three times the DOW had bottomed out with the three percentage rates equals to an average of around 32.02.     So that would be the mid range percentage number as the low would be 28.83 and the high would be 36.62 percent.      Now the last three times the S & P 500 has bottomed out with the three rates equals to an average of around 34.14 percent for the mid range.       The low percentage rate is at 30.16 and the high percentage rate would be at 37.04 for the S & P 500, taking the three times the NASDAQ has bottomed out with the three percentage rates equals to an average of around 38.10.     The lowest was at 34.25 and the highest was at 40.14 for the NASDAQ, the mid range DOW number is nearly 4 from the lowest of these three percentage rates and a little over 4 from the highest of those three percentage rates.      Now looking at the S & P 500 from that mid range number it was around nearly 4 from the lowest and almost 3 from the highest of these percentage rates.      Taking a look at the NASDAQ was almost 4 from the lowest and was at almost 2 on the highest percentage rates.      So the DOW is right near the mid range on its percentage of 32.02, the S & P 500 is closer to the highest percentage rate of 37.04 and the NASDAQ is closer to the highest of the percentage rate of 40.14.       These rates were between 4 and 9 and with it at 8 from the 32.02 to the 40.14, so the percentage rates are looking at these three US major stock boards to be around those Relative Strength Index numbers.      Seeing how these three stock market boards have closed (3/4/21) at against the Relative Strength Index, with the DOW at 45.26 percent, the S & P 500 is at 40.63 percent and the NASDAQ is at 34.82 percent.       At the moment these three stock market boards are at a spread by 11 and so the DOW would have to drop a little further and the NASDAQ would need to rise a little higher on the Relative Strength Index to place these three stock boards between that 4 and 9 points.      Here is the stock futures: DOW is down by .20 percent, the S & P 500 is down by .27 percent and the NASDAQ is down by .37 percent at 7:33 pm PST.

     The US dollar has been as highest of $91.74 and is at $91.65 at 7:35 pm PST, here is another update on the stock futures: DOW is down by .08 percent, the S & P 500 is down by .09 percent and the NASDAQ is down by .22 percent at 8:27pm PST.     The US dollar went down to $91.63 and just spiked up to $91.67 at 8:29 pm PST. we loss $186.79, but still are up over  by $674 and a little over $900 from our highest point.      Here is another update on the stock futures: DOW is down by .17 percent, the S & P 500 is down by .23 percent and the NASDAQ is down by .39 percent at 9:12 pm PST, the dollar is at $91.69 at 9:13 pm PST.

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