In every month end in 2002, during the last 3-days of the month the Dow has dropped below the 3rd to the last day's close intra-day on the 2nd to the last day. It has always had a higher close on the last day of the month than the 3rd to the last day of the month, usually by no more than 100-points, however.
table.finance.yahoo.com
The average drop has been about 140 points. The smallest around 50-points. The largest - July at 227 points.
Here's the Dow chart, with falling support at around 8500 tomorrow, which is about 200-points below today's close:
stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li5,5!lh10,10!lp14,3,3!ll14][j6733350,y]&listNum=1
Watch this level for a bounce. The end of month games say this is nearly a lock for a 1-1/2 day bounce. |
