Thursday, 25 June 2015
Dow set for a fall
Chart shows a vertical line at or around 1 Jul of every year since 1998 (DIA: Dow Industrial Average ETF).
More often than not, the Dow falls around this time of the year (unless it has already fallen in the last two months). The faster it has risen in the previous period, the harder the fall tends to be.
This year the July fall is likely to be the start of a considerable correction, given that the graph has risen to a spectacular height and that rising interest rates are imminent.