As I mentioned last week the market seemed to be tracing out a 7.5-8 month cycle. This past week seemed to follow that track. Until the data says otherwise I will project using that. Here is a longer term projection of this scenario:
Up close view:
GL traders
Thanks for the broader outlook.
ReplyDeleteEarly October is a classic time for a market low...as was most recently the case in 2011.
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have a good week
Why always on a weekend - China's exports tumble 18% and imports up 10%...
ReplyDeleteIn many ways, the China data is entirely to be expected.
ReplyDeleteEventually, they will become a consumer economy..and draw in more and more from abroad.