Stock Traders Almanac
Monday’s DJIA decline triggered the seventh Down Friday/Down Monday (DF/DM) warning of 2013. Since 2000, DJIA has registered 149 DF/DM occurrences, in all but three occasions; DJIA was lower sometime in the next 90 calendar days. Declines have begun immediately in some cases and later in others. Declines have been greatest during bear markets while being milder in bull markets. Fed QE has also mitigated declines in recent years. Regardless, past DF/DM occurrences have been consistently ominous warnings and this one threatens to derail DJIA’s and S&P 500’s current 8 week winning streak sooner, rather than later.
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Stock Traders Almanac
Started by
Chris G
, Dec 06 2013 11:12 AM
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