..............Seasonal Weakness Lies Ahead

In three of the past four years the major averages have experienced substantial weakness in the September/October timeframe, see http://finance.yahoo.com/q/ta?s=%5EGSPC&t=5y&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=. A major factor in September/October is mutual fund tax selling ahead of their fiscal year end on October 31. About 5 years ago or more there was an article that said Fidelity's funds alone accounted for about 12% of daily trading volume on the NYSE. I'm sure that's no longer the case given the explosion of mutual funds, but, the point is that mutual fund trading is a huge part of the stock market's trading activity. ....... http://www.JoeFRocks.com/