The fifth day of January closed at 1271.50, or 1.1% higher than the December 31 close. The last 38 times the 5th trading day in January closed above the prior yearly close, the market had a positive year 33 times with an average gain of 14%. If the first five days are up, but up less than 1.6% as here, 17 out of 22 years finished positive.
Among the five exceptions, there have only been three serious double-crosses: 1966 (-13.1%), 1973 (-17.4%) and 2002 (-23.4%).
Among the five exceptions, there have only been three serious double-crosses: 1966 (-13.1%), 1973 (-17.4%) and 2002 (-23.4%).
Guess the 80 year is turning into an 81 year or maybe 82 year.
ReplyDeleteFrizshizzle's T Theory Observations is looking for a 1349 top. He extended T-13 to April 7.
ReplyDeletehere's the link http://ttheorist.wordpress.com/
Thanks Marshall - had no idea Frizshizzle had a blog.
ReplyDelete