Hints of a Market Reversal

Home Page and More

Daily Market Breakdown

Market Trends Diary

Seasonal Charts

Seasonality: Short to Mid-term Patterns

Yearly and Half-Yearly Patterns

Data for Download

Tests of Various Strategies

Jan 29, 2004

As we near the end of the month, it seems that things turned a bit sour on or around Thursday of last week. It's just guesswork, but in the preceding days, it appeared that money was flowing out of conservative positions into more volatile issues. For example, we saw positive indices, nice gains in volatile issues, and losses in the non-volatiles on the 16th. The non-volatiles weren't simply lagging (as they're apt to do)...money was flowing out.

When stodgy investors start getting trigger happy, perhaps it's time to take a second look at the market. We'll keep our eyes open for similar situations in the future.