October shouldn't be dread. Seasonality shows that we are in for a few good months. Was promising that we got through September unscathed. [
Good monthly stats here:
http://www.bullfax.com/?q=node-sp500-average-monthly-change
A comment from Colin Twiggs which caught my eye:
Quote:
Probably I'll hold on to everything as usual and it will crash, or I will decide to sell and it will set off on a full recovery, always seems to be the way with me
Just tell us which way you go so we can do the opposite.
We won't know for sure until next week, but yes I think there is something in that Whiskers. I'm a little anxious about some of my good performers this month. Making no comment on the medium term, which is unclear to me.My tip... a little wave 'c' to finish off Sept Qtr as all those fund managers panic to lock in some profits...
Holding above the old resistance zone spells high potential for the bottom to have been found and sideways to up movement from here. Bets off when 4500 goes.
A chart is a chart.Sorry to spoil the party but it just follows the Dow. Market in Australia does not think, we follow blindly.
...we follow blindly.
...
https://www.aussiestockforums.com/forums/showthread.php?p=487242#post487242
at the top of that page someone has done the research for you....
as a side note you'll also see that the xjo has out perforned the spx on many ocassions (to the upside) and is in a different long-term bull market, has a propensity to higher inflationary pressures on its assets whereas the US is in a deflationary cycle.....
so, even on a long scale basis you can prove a following, you still have to trade the trend as it presents in the moment and with the xjo having a larger gain over and above the spx on year over year basis and most managers have to have a long-side exposure, where would place your bets?
Currently the DOW is up 5.7% for the year.
The XAO is down 3.3%
Nice rising wedge pattern formed and is getting tighter and tighter, which way will it break.
Cheers
Well, with China increasing interest rates it seems to have triggered the correction that we all knew was coming with currencies and commodities and flow through to the share market.
I think I got my "b" a bit early before, but I'm happy that it's in now, with an Expanded Flat correction, wave 'b' building up the slingshot tension for a 'c' drive towards 4,500.
Gees, I hope I got it right,... cos I've been on the sidelines for a few days waiting... and waiting to get back into stocks at lower prices.
Can you pls post up a chart? I would've thought your wave C would be a move up?
Don't see many of these on the XAO
.
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