SanFelipe
Yeh, and I might be completely wrong.
Markets have yet to confirm and as such I won't be betting the house. Need to see those moving averages and standard indicators start to agree.
I doubt that serious damage will be done before expiration on Sep 21st. The option writers don't like that.
With Rosh Hashanah starting on Sep 22 that should start the serious decline perhaps.
The absence of Jewish investors between then and Yom Kippur always makes things dicey plus it's when the Arabs like to take advantage of the fasting and feasting and non work and lack of vigilance.
Hence "sell Rosh Hashanah, buy Yom Kippur". Sep 22 to Oct 1.
And Rosh Hashanah falls on the seventh new moon after Autumn equinox. That is always when the danger period starts.
SanFelipeYeh, and I might be completely wrong.Markets have yet...
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| XJO (ASX) Chart |