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This is just normal Seasonal DJIA weakness


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#1 Rogerdodger

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Posted 28 September 2021 - 10:16 AM

We had a very Typical September so far. Even better than normal. So far.

Actual chart compared to Mike Burks:

Sept-Pattern-2.jpg


Edited by Rogerdodger, 28 September 2021 - 10:20 AM.


#2 Rogerdodger

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Posted 28 September 2021 - 10:30 AM

Will October follow Mike Burk's seasonals as well?

Mike-Burk-October.jpg



#3 redfoliage2

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Posted 28 September 2021 - 11:06 AM

The market is currently news driven.  We have been fed up with negatives, but we may get good news soon.   Rumor says the Chinese gov. was planning mitigation measures on Evergrande financing.  I'd not be surprised to see a sudden reversal in the market soon when good news comes unexpected .....................


Edited by redfoliage2, 28 September 2021 - 11:16 AM.


#4 slupert

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Posted 29 September 2021 - 10:34 AM

We had a very Typical September so far. Even better than normal. So far.

Actual chart compared to Mike Burks:

Sept-Pattern-2.jpg

I was expecting more bad pre-announcements, way bullish sign. Now we just have to hope our GVT. doesn't screw up. I've been sitting here for 6 months watching tech consolidate. If there's any downside left let's get it over with now. (JMHO)



#5 redfoliage2

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Posted 29 September 2021 - 05:19 PM

The market is currently news driven.  We have been fed up with negatives, but we may get good news soon.   Rumor says the Chinese gov. was planning mitigation measures on Evergrande financing.  I'd not be surprised to see a sudden reversal in the market soon when good news comes unexpected .....................


Update - Not going to default as some Wall Street analysts thought:

https://www.google.c...k-1634001?amp=1

#6 Rogerdodger

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Posted 06 October 2021 - 09:51 AM

Thus far, 4 trading days into October, the SPX is barely above water for the month.

It looks more like the bottom average seasonal.

Mike-Burk-October.jpg


Edited by Rogerdodger, 06 October 2021 - 09:53 AM.