Where Your Dreams Become Reality
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Poster: coach d
Subject: RE: Dow to close 2011 at 13,000 or above
Actually, Flagpole, over the last 50-60 years, August has been the worst month of the year. In down years since 1950, on average both August and September have been down months. The January effect doesn't get started until November (used to be December). So you may be in for a little ribbing for another month or so (also like last year).
I'm not short (and argued against selling in the "Stock Market Sell Signal" thread) but the market may be weaker than you might like for a while.
It still looks like a correction, though. I'll see your measily 13,000 and raise you 2,000 (but at the end of next year, not this year). Looking for a very strong 2012 (Elliott 5th wave off weekly charts from the 2009 low).
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