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To: jrhana who wrote (30291)8/13/2004 12:36:24 PM
From: Little Joe  Respond to of 39344
 
Well seasonal cycles are more tendencies rather than definite. However, since the seasonal is at or near the mid August high. How the market reacts will tell us something. For example, if we get no dip and the market just keeps going up, it will be a strongly bullish sign. If we get a slight dip that would also be bullish. If it follows seasonal tendencies, we can probably surmise that the seasonal cycle is still in control. I did not mean to imply that the market will follow the seasonal cycle exactly, but after rereading some of my posts, I guess I gave that impression.

Little joe