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Quick Update on January Barometer

The first 5 days were marginally down. But relatively sideways. Opened at 3257 close at 3253 5 days later. Approx.

So, based on that we would expect a sideways pattern this year. 2020. About an 85% correlation since 1950.

Now remember the whole month of January gives us a better indicator. 91 percent. So waiting it out. Looks like it will be an up year. If January continues up.

Disclaimer. Past performance does not equal future performance. The January Barometer is not an absolute. And investment has risk. And remember, technical patterns are much more important than past history.

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