OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February, Mark TwainThere are two times in a man's life when he should not speculate: when he can't afford it and when he can, Mark Twain
Tradition technical analysis, a discipline full of moving averages, stochastics, relative strength, chart patterns, and volume, is largely inconsistent and opinion driven. Bull and bears attempt to enter the trend through interpretation that's as much opinion (art form) as discipline (experience and skill). Successful trading/investing focuses solely on discipline through the study of price, volume, and time. Price, volume, and time define the message of the market.
Subscriber Comments
Potential (meaning we won't know until the end of September) upside alignment the Dow Transports' primary trend would be bullish. Sorry bears! Don't expect this to influence their bearish calls since far too many ignore or can't read the tape.
Trading Notes tracks the primary trends of 41 markets.