Q3 earnings coming mid OCT. are going to be the best in the history of the SPY---your hamptonites (big house traders), return from vacation in Sept---and they are really gonna start socking it to the bears, in anticipation of these earth shattering new record earnings.
that's my best guess!
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pre-liminary $SPY eps and stock buyback, forecasted price---2600 mid Nov. assuming 60% beat the street in Oct---add 1 or 2%, more to price, (during the x-mas rally)----u don't think 60% will beat the street, then u don't know "how to cook the books"
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august trading---best traders are in the hamptons on vacation---they come back in Sept.
in Sept, my guess is...they are in such a hurry to reset the prices of their sub-ordinates, one can clearly see the trend!
Sept. is the best month to trade, and x-mas of course.
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