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August Market Reversals

Posted By Barry Ritholtz On August 27, 2003 @ 10:25 am In Finance | Comments Disabled

Dorsey Wright [1] credits Peter Eliades of Stock Market Cycles [2] in compiling an overview of August Market turns:

While most people view the last 2 weeks of August as vacation weeks, over the last 16 years important turns have taken place then:

August 25, 1987 – the exact top prior to the crash..
August 23, 1988 – low has never been returned to..
August 24, 1995 – low has never been returned to..
August 19, 1998 – top preceding 18% plunge in 2 weeks..
August 31, 1998 – important market bottom..
August 31, 2000 – 2 days before all time high..
August 24, 2001 – end of rally ,market drops 22% in under a month..
August 22, 2002 – exact rally top, market drops 21% in under a month.

Four out of the last five years have seen a major turn in August . . .


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URL to article: http://www.ritholtz.com/blog/2003/08/august-market-reversals/

URLs in this post:

[1] Dorsey Wright: http://206.155.168.122/cgi-bin/foxweb.exe/welcome

[2] Stock Market Cycles: http://www.stockmarketcycles.com/

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