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Strategies & Market Trends : News Links and Chart Links
SPXL 213.39-5.0%Nov 13 4:00 PM EST
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To: Les H who wrote (7753)6/18/2003 10:10:02 AM
From: Return to Sender  Read Replies (3) of 29596
 
Chart of the Day

chartoftheday.com

Back in January 2002, we mentioned that many significant bottoms have occurred during the latter part of the mid-term election year. With the S&P 500 up 30% since the October 9, 2002 low, it appears that the election year cycle is holding true to form. As today's chart illustrates, the average gain off the mid-term election year correction low to the pre-election year high is 51%. It will be interesting to see if the current rally will have enough momentum to match that average 51% gain, as investors remain extremely optimistic. Stay tuned...
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