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Wednesday, June 18, 2003 9:02:41 AM
Chart of the Day
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...
http://www.chartoftheday.com/20030618.htm
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...
http://www.chartoftheday.com/20030618.htm
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