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Strategies & Market Trends : Classic TA Workplace
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To: yard_man who wrote (43745)6/28/2002 10:10:28 AM
From: AllansAlias  Read Replies (2) of 209892
 
Thanks to stk_pkr on BearForum for this interesting tidbit.

Schwab Market update report

Scott B. Evans – As of last Friday, the S&P 500 Index (SPX 991) had closed down 10 out of the last 12
weeks. This is a significant event and since 1928 has occurred only seven other times. Each occurrence is
highlighted in the table below. Of those seven times, only once did the index fail to post a gain 52 weeks
later. On average, the index rose over 31 percent. While such an event has not always coincided with the
exact low in the market, its occurrence, in my view, is a signal that there is limited downside risk to the
market.
S&P 500 
                    52 Weeks
Signal Date  Price     Later     % Gain 
10/02/1931   9.7       8.08      -16.70%   
05/27/1932   4.83      10.13     109.73%   
09/20/1946   14.69     15.2      3.47%     
04/24/1953   24.2      27.78     14.79%    
06/22/1962   52.68     70.25     33.35%    
07/03/1970   72.92     99.78     36.83%    
03/12/1982   108.6     151.24    39.25%    
06/21/2002   989.1     ??        ??

Average Return 31.53%
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