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The LT wave had another good month in September.
The weakness in the first week was just some brief hesitation. The stronger period until the 25th produced a 200 point rally, lifting the market to new all time highs once again. The weakness towards the end of the month also panned out, giving back 100 points but that was quickly recovered so it’s more like another sideways pause so far. Here is the LT wave for October:
A very similar pattern. Weakness in the first days, followed by another lengthy strong period until the 24th. Weakness in the final week again. Let’s see.
The usual caveats apply: the LT wave is experimental and purely based on natural cycles, so not on market or price data. Don’t bet the farm on it.
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