The Dines Letter's Seasonalities
October,
The "Bear Killer"
by James Dines, editor
The Dines Letter
Stocks:
Since 1961, Octobers have been
bullish 5% of the time: 21 went higher, 14 finished down, and 3 ended neutral.
Long ago we baptized Octobers (beginning the fourth quarter of the trading
year) as "bear killers." The up months were very significant indeed.
October has been the turning point for eleven bear moves: 1946, 1957, 1960,
1962, 1966, 1974, 1982, 1990, 1992, 1997 and 1998the only exception was
1970. The bearishness of mid-85 ended on 15 Sep 85 and was followed by an
historic rise. Accordingly, we are looking for markets to end their Corrections
by the end of October.
Precious
Metals: For the past 18 years,
both the Dines Gold Stock Average (DIGSA) and Dines Silver Stock Average
(DISSA) have been bearish in Octobers 76% and 72% respectively, DIGSA was
up 4 and down 14 years while DISSA was up 5 and down 13. This is usually
a good time to buy on declines, before their seasonally bullish first quarter.
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