The October 12-13 time period is a projected turning point. This period was thought to be a low, but it now appears to be the high of this short-term rally. Looking out to the latter part of the month, October 27th has been the annual low in any year. And, the last week in this month brings a low in the composite cycle composed of the one-, four-, and ten-year cycles. The DJIA has tended to rally in Q4 even in pre-election year and in years ending in three.
As to strategy, short sales are best expected to be considered short-term. Investors can also look out to the latter part of the month and buy stocks for the fourth quarter. Apple
AAPL
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