Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
The overall market outlook remains very positive. At some point in September – probably in the second half of the month when the next 21-day cycle matures and quadruple option expiry occurs – New York could come under some selling pressure, but the downside risk is about 3 per cent to 5 per cent.
If there is a pullback, the bears will come out in force and it should be treated as a major buying opportunity. Investors should be looking to put funds to work in the markets.
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