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"Overbought market, seasonally bad week ahead"


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#1 Rogerdodger

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Posted 04 September 2021 - 10:44 AM

Mike Burk, Sept 4

 

"The market is overbought going into a seasonally bad week."

 

As shown in his seasonal charts last week: Seasonal "top" and a weak T

 

Note that his charts show the OTC market has a better chance of positive returns in September.

See:

Over-The-Counter (OTC) Definition - Investopedia
 

 

Edited by Rogerdodger, 04 September 2021 - 10:52 AM.


#2 pdx5

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Posted 04 September 2021 - 10:49 AM

This simple chart makes that easy to see. 

bi_exhibit-7.jpg


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 Rogerdodger

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Posted 04 September 2021 - 04:32 PM

We went on a couple of cruises out of Miami after the ~2000 crash.

The Real Estate market was in a spiral from the junk bond fiasco.

On two different trips, our taxi drivers were from Haiti.

They were so excited about getting condos in Miami for under $200K.

Lately, I have been thinking about these poor-under privileged... now millionaire taxi drivers.

 

Whooda thought it back then?


Edited by Rogerdodger, 04 September 2021 - 04:33 PM.


#4 Rogerdodger

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Posted 11 September 2021 - 10:35 AM

 
"Overbought market, seasonally bad week ahead"
Started by Rogerdodger, Sep 04 2021 10:44 AM

 

 
 
You are welcome.


#5 Rogerdodger

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Posted 11 September 2021 - 11:48 AM

Mike Burk: Technical Market Report For Saturday, Sept. 11
Saturday, September 11, 2021 12:15 PM EDT

The market is oversold as it moves into a seasonally positive week.