Friday, January 24, 2014

December 31, 2013 was the high

Dow Jones Industrial Average
Historical Prices
Date Close
01/24/14 15879.11
01/23/14 16197.35
01/22/14 16373.34
01/21/14 16414.44
01/17/14 16458.56
01/16/14 16417.01
01/15/14 16481.94
01/14/14 16373.86
01/13/14 16257.94
01/10/14 16437.05
01/09/14 16444.76
01/08/14 16462.74
01/07/14 16530.94
01/06/14 16425.10
01/03/14 16469.99
01/02/14 16441.35
12/31/13 16576.66
12/30/13 16504.29
12/27/13 16478.41
12/26/13 16479.88
12/24/13 16357.55

It's pretty clear now that December 31 was the high.  Why does it matter?  Look at this chart:


Once a peak is reached, stocks decline fairly rapidly.  They don't stick around at a permanently high level.  The only question is how low will it go. 

No comments:

Post a Comment