Stock Traders Almanac, guys.
I ought to see if we can't cut a deal with them for TT users...
I'll look into it.
I'm enjoying mine.
Here's a jewel I found on P 68: "Don't sell stocks on Monday or Friday."
The stats presented fit in to some other stuff I've read on the "6 day's of strength."
"Since 1989 Monday, Tuesday and Wednesday have gained 9194 DOW points.
Thursday and Friday combined have lost 3735 points."
Someone replied that the observation was stupid since Thursday & Friday are often down.
The point is to sell BEFORE the drop.
As far as my statement: 'The stats presented fit in to some other stuff I've read on the "6 day's of strength"' note this from my blog:
Note: On 2/25/2006 Mike Burk commented:
"In the 1970's, Norman Fosback researched end of month, beginning of month seasonality. He found the last day of the previous month and first four days of the new month had unusually high returns. He would add the second to the last day of the ending month and the fifth day of the new month if they were not Mondays."
I vaguely remember another statement from the Almanac which said something like: "down Friday,
weak Monday" but don't quote me.
Of course this MLK Monday the market's will be closed.