S&P 500 +3% Days During The Bear

Yesterday was the 26th day that the S&P 500 has gained more than 3% during the current bear market (started 10/9/07).  For those interested, below we provide the change on the day following these 3%+ days.  Of the 25 prior 3% days, the S&P has gone up the next day just 32% of the time with an average change of -0.51%.  However, the last two 3% moves (both during the current rally) have seen positive returns the next day.