7 year itch

A bit of Gann....

7 years ago in 2010 the major indices made a high in early January and then dropped into mid February.

2 x 7 years ago in 2003 also saw an early January high followed by a drop into mid February (SPX only in this example) and mid March.

Gann is also widely quoted for saying that 7 is a 'fatal number' so given that this is a '7' year it's worth considering some past examples. The following immediately come to mind:

1907
1937
1987
2007

It would be nice to have some more examples but in each of the above the most significant part of the decline came after the 7th month (July).

1907 "Bankers Panic"

1937 (market went slightly higher in August)

1987 (market also went slightly higher in August)

2007 (Although it pales compared to 2008 the drop into the August low got everyone's attention at the time.)

I believe that 1957 (70 years ago) also had a drop from midyear to the end of the year (no chart available unfortunately).

Food for thought....