So... It makes absolute sense for us to have our next decline end the week of october 13. which is bank earnings, q3.
October 3rd will also be close to warning season
Other important dates are Sept 5 and october 3rd which are NFP......
If the NFP goes to -30k We will not actually retest.
The best shorts, on the "Xmas won't happen trade" will be Retail....
The other chance for those to bottom will be, the week end of thanksgiving.
One could suggest that we will "Peak" at the end of the month.... or last monday
Wednesday, August 13, 2008
Retest
Subscribe to:
Post Comments (Atom)
2 comments:
You peaked my interest. I'm bookmarking this.
The question isn't where we are going, We will go sideways or up till then...
The Question is "how far". and that is decided by the data.
If the NFP next month isn't bad... we will make a new high after.... Then we will still retest, because it could be an anomaly in the data
Then we have to retest q3... Retesting before that would be stupid... we would just have to do it again before earnings.
Could be wrong. But we tend to peak the first week(s) of months, then tend to Trough, Just after or before earnings.
Post a Comment