Have u ever heard the saying so goes January then so goes the rest of the year ?
I'm guessing this is an American saying or it was initiated there but could be wrong .
But lets do something a little different here as the Yanks financial year I think is Jan to Dec .
Australia's financial year is 1st July to end of June . There are exceptions to this with many companies in Australia being dual listed so they close their yearly books at different quarters .
BUT as a general rule Aussie yearly charts start from Jan 1st and close end of Dec when from a financial perspective we should be using June to June .
So what if we do something different and construct our yearly charts based on June close or July open to End of June the next year ? this is the aussie financial year .
Or lets take it one step further and use the Yank saying but with a twist , so goes July so goes the rest of the year !
Check the chart below as each coloured bar for July dictated the trend for the year ! [ Bar one in 2006 ] A red July caused a red or down year with 3 drawn red years .
I have checked this back to 2001 where both red July's bought in down/red years but my data is hard to read back that far .
If someone wanted to use something like incredible charts pro they could roll back the years using monthly charts to check how long this pattern has existed for .
Notes to below I should of used June close or July open to the next years June close to show a yearly bar but wanted to see the relationship between the July colour and the next years close and based on what I drew below plus dating back to 2001 it has now worked for 13 years with the one exception of 2006 .
cheers g
ps; which probably means it won't work now that i have mentioned it .lol but the probabilities based on the chart and above comments are saying by June 2015 we will closer higher than June 2014 and also higher than July 2014 which will be a green month . [ I note July 2014 has not closed yet but only 1.5 days away and a new high .Could others please double check my data and lines please ?
