Monkey Throw Dart: 2012 - Year of the Sheep

Wednesday, October 24, 2012

2012 - Year of the Sheep


I usually take the contrarian view unless I'm following a mechanical system like the MensaMonkey.  Whenever I see multiple articles spewing the same dung, or financial analyst molasses heads start jumping on the bandwagon, that's when I take my exit and go the other way. 

 This year has been very profitable for those that go with the flow (as in sewage flow). Look at the chart below.  It looks so simple in retrospect.  "Go Away in May"  and "Stay Out in October, It's a Really Scary Month" headlines have put you in the drivers seat if you rode the market all the way down to the 200-day moving average in both cases.
 
 
This contrarian monkey hasn't given up on October yet . There is still one week to go, right? 

 
 
I'm just waiting for the news to come out that December is a great month to buy, and I'll jump in and bump into the 200-day moving average too.  At this point in time, I'm not sure if that line will represent support or resistance.