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Amazing Stat – DJIA gained more on 1st DOM then all other days combined.

The 2010 edition of the Stock Trader’s Almanac notes that in the 12-year period ending May 2009, the Dow Jones industrials “gained more points on the first trading days of all months than all the other days combined.” The tally: plus 4,399 points on the first days of months, vs. a loss of 3,809 points the rest of the days. And so far this year that money-making pattern has lived up to its billing. This year, the Dow has posted gains seven of nine times — or 78% of the time — on the first day of the month. And on five of those days, the Dow posted triple-digit advances with the biggest gain coming on Sept. 1 when it rallied 255 points..

http://www.usatoday….the-month_N.htm

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