100 percent crap, that's all.
If you have never gone back and reviewed the mid term year trips below the 200 day MA on the charts.....they're not exactly pretty. Just try 1998.....perhaps the best mid term election year of them all. And it doesn't always happen in the Sept thru October period either. But if it's October 1 and the trip downward hasn't started yet.....just beware, beware, beware. And a trip below a rising 200 day MA ain't never been about no bear market. Just a stupid old fairy tale made up by the media and CNBC.....so they can find something to blab about all day when it happens. I recently saw a chart showing the average mid term election year seasonality profile (data going back to 1950).....and it was down roughly 4 percent at the front end of October YTD. Not too far from where the RUT is right now. The NDX is still up for the year on that scale which is why I like trading it the most.
