ajtj99's Market Pulse

[Randy1960]

Lucien Hooper December Low Indicator DJIA 8149.09

http://www.stocktradersalmanac.com/sta/research_tool_DecemberLow.jsp

http://raymondjames.com/inv_strat.htm

“When the Dow closes below its December closing low in the first quarter, it is frequently an excellent warning sign. Jeffrey Saut, managing director of investment strategy at Raymond James, brought this to our attention a few years ago. The December Low Indicator was originated by Lucien Hooper, a Forbes columnist and Wall Street analyst back in the 1970s. Hooper dismissed the importance of January and January’s first week as reliable indicators. He noted that the trend could be random or even manipulated during a holiday-shortened week. Instead, said Hooper, ‘Pay much more attention to the December low. If that low is violated during the first quarter of the New Year, watch out. . . . If the December low is not crossed, turn to our January Barometer for guidance. It has been virtually perfect, right nearly 100% of these times’ (view the complete results at http://www.hirschorg.com/declow).”