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Stock Traders Almanac


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#1 Chris G

Chris G

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Posted 16 September 2013 - 10:47 PM

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Back in mid-July, following a brisk market rally off of June’s lows, it became apparent that the market was headed for another “Hot July”. Based upon past full-month DJIA July gains in excess of 3.5% a better buying opportunity was anticipated. Whether or not that opportunity was the end of August or an even better entry waits in the often volatile months of September or October remains to be seen. DJIA’s 4.5% August decline is less than the average 6.9% drop following a Hot July and it was the eleventh worst August for DJIA since 1950. With help from index heavy-weight Apple (APPL), S&P 500 and NASDAQ fared better, off 3.1% and 1.0% in August. In order to gain a better perspective on the possible ramifications of DJIA’s August decline for full-month September and the highly anticipated fourth-quarter rally, the following tables were constructed.

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