dow, page-17

yep, that was good, another way of showing what we already knew tho. For me it just means being prepared to go short more often for a few months. And there's always the question, is this just a correction again? Is this just the seasonal effect this time? Is this different? What stage of the business cycle are we in?

There are different factors each year, different risks emerge, etc. So the seasonal stuff is both repetitive and new each time, and hard to trade by itself. I looked at xjo from a seasonal perspective recently and concluded that it is sad from may to oct only in a bear market.
cheers!