October curse vs. Objective analysis: The choice is yours

By Elliott wave international

This weekend I went for Halloween shop decorations.In memory, one of the writers, a white T-shirt with a puff paint rendering of the Dow Jones industrial average tragen.Die the color of blood red, drip line was for the prices and splashed on the front when I asked him what he said, it was "in October curse.";

"Time for stock market sayings."manages the old Wall-Street platitudes, stock prices in certain months of the year in a specific way. The problem is, is hardly a guarantee such correlations.

Until October, for example.; Yes, this month has some of the darkest periods in selected stock market history: 1929, 1987. Historically, however, it is not the worst performance Monat.Beispielsweise supposed "Halloween Jinx" could not access the death wanna stocks in 2008, the last days of the end of October saw the biggest weekly gain since 1974.

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Then there's these familiar saws of seasonal wisdom:

"How are a powerful Siegesserie.Kreisen yet at the end of the month, the prices again in the red, the drain the first week in January, so goes month - in the first week of January that had Exchange in two months low."

Sell in May and go away "- and then Leger's day (September) .If not returned to St. investors this wisdom take account of years, would one of the strongest Uptrends in layers of the year from July to September you have missed."

"September curse"-If you believe October bad September murder cake., is economical to be generally accepted stocks enjoyed their strongest September in 71 years U.S. years!

Bottom line: "do not buy" your trading strategy before the trend actually. Choice is old sayings or objective analysis. choose the latter.

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This article was by Elliott wave international, and was originally under the heading of October curse vs objective analysis published: the choice is yours.EMI is the world's largest market forecasts;his staff on a full-time basis analysts led by chartered market technician Robert Prechter offers 24 hours a day market analysis for institutional and private investors in the world.

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