Waiting for the 'January EffectÛª to Take Effect: First Month Ûªs ...
First MonthÛªs Performance Has Predicted the MarketÛªs Direction Accurately Many Times Before. But Will It Do So Again This Year?</br></br>First MonthÛªs Performance Has Predicted the MarketÛªs Direction Accurately Many Times Before. But Will It Do So Again This Year? mhe overall trend of the market for the past three years has been set during January. So far in 1995, January again has been a good month.</br></br>NEW YORKÛÓItÛªs nail biting time on Wall Street as the stock marketÛªs performance this month provides the "January barometerÛ that is supposed to predict whether the year on Wall Street will be good or bad.</br></br>Yale Hirsch, publisher of Stock TraderÛªs Almanac, said that the month of January has proved to be an ÛÏincredibleÛ forecaster of things to come for the rest of the year.</br></br>ÛÏNothing beats the January Barometer,Û he said. ÛÏSince 1950, no other indicator has predicted the annual course of the market with such accuracy.Û