Mid-term Indicant-DJIA-1969-1973

The Indicant account was at $2,717,204 on Mar 23, 1973 at bear signal #08. Buy and hold account's was at $138,317. The Indicant enjoyed a 1,864.5% performance advantage at that time.

President Nixon's post election year was classically bearish in 1969. The mid-term election year of 1970 characteristically found the stock market's cyclical bottom. Although the presidential pre-election year was bullish, it was well below the bullish average for such years in 1971 However, the presidential election year was bullish, which is common.

The market anticipated the 1970 recession. Although the lunar landing was impressive, the market knew it was generations away from profit induction. So, there was little response to that. Nixon's devaluation of the dollar was met with a bearish response, while the stock market saw nothing wrong with the Watergate break-in. What does that have to do with making money, which is the stock market's rightful obsession.

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