So the McClellan Oscillator got wicked oversold Tuesday on the close. Yesterday we rallied like crazy, obviously a short covering thingy. A follow through today was key yet it screwed the pooch and decided to go lower in grand fashion.
We have also been told that this month sucks for the market, and my Jewish friends tell me “Sell on Rosh Hashanah, and buy on Yom Kippur”. That is like Oct.3 by the way, McClellan, the archaic market timer that he is, says we will rally on Oct. 3. He must be a Scottish Jew.
I am deep in tea leaves and sun dials tonight