Dorsey Wright credits Peter Eliades of Stock Market Cycles in compiling an overview of August Market turns:
While most people view the last 2 weeks of August as vacation weeks, over the last 16 years important turns have taken place then:
August 25, 1987 – the exact top prior to the crash..
August 23, 1988 – low has never been returned to..
August 24, 1995 – low has never been returned to..
August 19, 1998 – top preceding 18% plunge in 2 weeks..
August 31, 1998 – important market bottom..
August 31, 2000 – 2 days before all time high..
August 24, 2001 – end of rally ,market drops 22% in under a month..
August 22, 2002 – exact rally top, market drops 21% in under a month.
Four out of the last five years have seen a major turn in August . . .
