My prior post "Late August Important Top?" noted several historic stock market declines after August tops.
This post illustrates another August top, August 1937.
The DJI bull market top came in March 1937 declined into June 1937, then made a secondary peak in August 1937.
It's fascinating that the first DJI bottom came on 06/17/37. The DJI - 2022 decline bottomed on 06/17/22.
The DJI 1937 secondary peak gives us a template for what could happen in 2022. The 1937 June to Augist rally was 41 trading days, add 41 trading days to 06/17/22 and it targets 08/17/22 as a bullseye date or an potential important top.
Based on my extensive study of US stock market August to early September tops, the broader time range for a possible important tops is from 08/17/22 to 09/01/22.
Please note that the DJI March to October 1937 drop was just the first phase of a five year bear market the ended in 1942!
Updated time and price targets will be posted here and in other publications.
This post illustrates another August top, August 1937.
The DJI bull market top came in March 1937 declined into June 1937, then made a secondary peak in August 1937.
It's fascinating that the first DJI bottom came on 06/17/37. The DJI - 2022 decline bottomed on 06/17/22.
The DJI 1937 secondary peak gives us a template for what could happen in 2022. The 1937 June to Augist rally was 41 trading days, add 41 trading days to 06/17/22 and it targets 08/17/22 as a bullseye date or an potential important top.
Based on my extensive study of US stock market August to early September tops, the broader time range for a possible important tops is from 08/17/22 to 09/01/22.
Please note that the DJI March to October 1937 drop was just the first phase of a five year bear market the ended in 1942!
Updated time and price targets will be posted here and in other publications.