Technical analysis works best when the stars are aligned.... in this case the seasonal timing is conditional in that it is historically the place where the best 4 months, Jan to April, usually take place for us gorilla online traders...
As well... tax selling has taken leave, and due to the extremely oversold nature of the markets all over... in particular... the Toronto and Venture... there is a cautious inflow of buying pressure due to the lack of selling pressure. Nothing overwhelming, but by the end of the month it should be much better established.
There was one thing different about last fall that should be noted, and that was a general overall failure of any type of seasonal rally that could be recognized as traditional... a very poor fall season to the say the least.
There was of course some individual instances of rally, but nothing that could have been described with anything more than the phrase "few and far between"... and this leaves us in a position of being market wise, and very oversold just at the right time for the coming 4 months.
GLTA Lostoutwest
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