TRIPLE WATCHING DAY  
              OFTEN BRINGS A DECLINE:


             
"March Triple Witching Weeks as a whole have a solid track record since 1983,
                 advancing 19 times in the past 29 years for an average gain of nearly 1%, this
                 strength has not always translated to gains in the following week. It is in this following
                 week that the Slides of March have frequently begun." 
                 The following week has brought 13 ups and 16 downs  
                 ( http://blog.stocktradersalmanac.com/post/DJIA-March-Triple-Witching-Week-Performance )

             SPY CHARTS: 2003-2013
                                 
                                  D =   Declines to Lower Band
                                  D =   Declines to 21-dma
                                   U =   Up

                                      March                June                Sept                 Dec
                 2003                 D                   D                  D                    U
                 2004                  D                    D                    D                     U
                 2005                  D                     D                    D                     D
                 2006                  D                     U                    U                     --
                 2007                  U                     D                    U                    D                -
                 2008                  D                    D                    D                     U
                 2009                  U                     D                   D                      --
                 2010                  U                     D                   U                      U
                 2011                  U                     U                  D                      U
                 2012                  D                     --                  D                       D    
                 2013
                 -------------------------------------------------------------------------
                2003-2012        60% Down       70% Down       70% Down       30% down

                1983-2012      

                1990-2009  More than 2% Decline 5 days later:
                                                                                           50% 

SPY2003.BMP (1920054 bytes)
SPY04.BMP (1920054 bytes)
SPY05.BMP (1920054 bytes)
SPY06.BMP (1920054 bytes)
SPY2007.BMP (1920054 bytes)
SPY2008.BMP (1920054 bytes)
SPY09.BMP (1920054 bytes)
SPY10.BMP (1920054 bytes)
SPY11.BMP (1920054 bytes)
SPY2012.BMP (1920054 bytes)