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LT wave for October

Posted by Dan on October 6, 2018

A few days later than normal, but here is the LT wave chart for October.

ltwaveOct2018

The wave did ok for September with the cycle gradually coming back to normal.
Expected weakness in the first week did happen and was followed by a stronger period. The strong period did last a bit longer than projected.

For October we see the weak period stretching until the 5th. The market has dropped indeed. Next week a stronger period is projected, but whether this will take stocks back up to the recent highs is a big question. I think not, but we will see. The second half of October is also weak, so I would be very careful.

Good luck.

One Response to “LT wave for October”

  1. […] LT for October did a mixed job. The expected strong period in the second week did not pan out at all and the […]

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