Signals
“When The Bears Have Thanksgiving…..”
As I recall, at one time I checked out the accuracy of this stock market folklore and it seemed to work pretty well. I think it will prove true again in 1991.
August: A Dull Month (Except for Four Days)
If you had been vacationing on an island with no communication during the last two weeks of August, you’d think from the month to month statistics that August 1991 was a big late summer yawn.
Major Trend Index Improved, But Still Negative
This issue marks the first anniversary of the most recent Major Trend Index sell signal, transmitted to clients on Halloween 1989. Here in October 1990, this work has improved significantly from a month ago.
VLT Momentum: Based on DJIA Monthly Averages
In the fall of 1988, this publication detailed a very reliable long-term stock market indicator we call VLT momentum. Herein, we present the record tracking back to 1897, employing average monthly prices in the calculation rather than month end prices.
Three Steps and Stumble
The most recent rise in the discount rate triggered the “Three Steps and Stumble” rule. Years ago, Edson Gould popularized this theory. In effect, it is based on the assumption that tight credit ultimately terminates a bull market.