Dow Jones - Year 7 Pattern
August 6th, 2007
This is for the Dow Jones……
One of the most impressive stock market cycles in 20th century is known as “Year 7 Pattern”
Years ending in “7″ have historically reached TOP of bull market and then abruptly started massive sell-offs which marked beginning of bear cycle
Year Chg
1917 -40.1%
1927 -10.2%
1937 -49.1%
1947 -24.0%
1957 -19.4%
1967 -25.2%
1977 -26.9%
1987 - 35.1%
1997 -13.2%
Scary thing is that majority of sell-offs began in July - August!!