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Re: DiscoverGold post# 583047

Saturday, 10/22/2016 10:30:48 AM

Saturday, October 22, 2016 10:30:48 AM

Post# of 648882
Almanac Trader: S&P 500 on track to complete 3-month losing streak

* October 22, 2016

Looking back to 1950, S&P 500 has completed 33 consecutive monthly losing streaks of three or more months. With six trading days left in October, S&P 500 needs to climb back above 2168.27 to avoid a third month. Should S&P 500 fail to reach this bar, it would actually be a positive for November as 20 of those past 33 streaks ended at three months and within one month of the end of all streaks, three months or longer, S&P 500 was higher 100% of the time with an average 4.72% gain. S&P 500 worst monthly losing streak since 1950 was nine straight in 1974. When this streak ended, S&P 500 also had the largest one-month gain, 16.3%.



http://jeffhirsch.tumblr.com/post/152131894048/sp-500-on-track-to-complete-3-month-losing-streak

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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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