Sideways to Down Annual Ranges

Today the stock markets completed their bounce off last weeks lows, no doubt mainly to get speculators in position for the next two days when the pension and 401K advisers make their monthly buys for their clients.  Somewhere I have the numbers and chart, cannot find it at the moment, but anyway for a number of years most if not all of the annual up-moves are accounted for by adding up the moves of first two days of the month.

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