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| The following chart presents the Dow Jones Industrial Average's average month cycle from 1896 to the present. |
| Point of Interest - Notice how all the gains are made within the last few days and first six days of the month. This makes sense as institutions (pensions & mutual funds) and individuals (with monthly / semi-monthly paychecks and monthly 401K contributions) tend to transfer funds at the end and beginning of the month. |
| Note 1: All data is believed to be from reliable sources. Note 2: Past performance is in no way a guarantee of future results. |
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