Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Anyone heard anything about this?
October is a sell month. Always has been, always will be (past performance no guarantee of future results).
i would have said yes two years ago - but it's certainly top-heavy at present - due for a sell down.
would you be able to explain for us numptys why its a sell month?
from the book of nostradamus' sonnets - "oh golden numbers big and bold defy the empire of the star spangled banner, dreaded be he who pens the naughts on the ninth month of ten and sum of seventeeneth". Can't believe you guys can't see it, that old bloke can
October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February. — Mark Twain
(Just added for a bit of a laugh)
October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February. — Mark Twain
(Just added for a bit of a laugh)
October: This is one of the particularly dangerous months to invest in stocks.
I've personally backtested a stinkload of indicator ideas for their reliability, including month of the year and just about every indicator you care to mention. The guts of it is I wouldn't be basing a system around these, they are not relible indicators on their own.
If for example it was 70% reliable that Oct would be a downer, then the smart traders would load up on shorts in the last week of Sept, then buy them back during the Oct selling, that buying would end in an up month for October. Hence the reason why it's not 70% reliable.
Same goes for most of the indicators you can think of.
This is the problem I have with TA. A lot of the basics makes sense, but ther are manipulators out there who understand it too and will push prices over a tipping point and shake out believers.I've personally backtested a stinkload of indicator ideas for their reliability, including month of the year and just about every indicator you care to mention. The guts of it is I wouldn't be basing a system around these, they are not relible indicators on their own.
If for example it was 70% reliable that Oct would be a downer, then the smart traders would load up on shorts in the last week of Sept, then buy them back during the Oct selling, that buying would end in an up month for October. Hence the reason why it's not 70% reliable.
Same goes for most of the indicators you can think of.
there are generally accepted 'norms'