August is a historically weak time period for the stock market, and traders are well aware of the possibility of increased volatility in September. The selling seems to have shifted forward, so on an intermediate time frame, weakness now and in early September will likely correspond to strength in late September and October. So the historical tendencies of the market to bottom in October probably shifts forward by a month. If we do get a big selloff, September, not October is the likely month when we will bottom.
By the way, for today, the market is spending too much time below 1070 for my tastes. I will likely wait for Monday or 1061 to make purchases.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment