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Another October Bottom

By Lawrence G. McMillan

Once again, it appears the October has become the “bear killer.” Yes, volatility is still high and put volume is still heavy, so there are clearly worries out there. But it’s normal for there to be plenty of worries at the beginning of a new bullish phase. In this article, we’re going to look at some other similar October bottoms in the past to see how the market unfolded at those times. All of this would become academic, of course, if sell signals unfolded; we would never stubbornly stick to some thesis at the expense of ignoring trusted indicators. But with the October lows clearly in place and the majority of the indicators positive, we would like to compare this October to ones from the past...

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