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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (3773)12/5/1998 7:18:00 PM
From: tom pope  Read Replies (1) | Respond to of 43080
 
>>The second indicator is known as the January Barometer, which in the last 40 years or so has an 85% acuracy that if the market is up in January, it will end high for the year<<

If the market is up in January, it has a headstart for the rest of the year, so it may not be surprising that the year as a whole ends positive. The valid comparison would be not 12/31 vs 12/31 of the preceding year, but 12/31 vs 1/31.

I wonder if that analysis has been done.


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