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Seems that all the mechanical systems are all calling for going long.
This is a little scary and couls be a potential set up. Aside fron the
normal interest rate influence there are two fundamentals not being
brought up lately that occur this year that maybe behind the sell the
news attitude of the last few days. One was the capital gains change,
the other is that for most mutual funds October 31, is their tax year
end. These two factors might be behind the selling pressure of October.
The last two years in a row you could have bought November 1 and made a
ton in that month, sold the first week of December, bought the last week
of December and sell by the end of January for another ton.
DaNASDAQ@xxxxxxx wrote:
>
> 1. CNBC is reminding people of the aniversary of the Black Monday. Oct is
> historically notoriousiously known for crashes. Major sell offs are
> occuring Inflation is emminent. just wait this month,, and next.
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