85% up day friday- vtoreport
Posted 28 December 2006 - 01:41 PM
Posted 28 December 2006 - 03:08 PM
It's more interesting to konw the recent 5 years since seasonality is on a trend of change.
The last trading day of the year has been an up day 85.3% of the time (29 of 34)
The first trading day of the year has been an up day 47.1% of the time (16 of 34)
the guy this data is from retired in 2005, his site was (vtoreport dot com)
his long QQQQ system is still in play as rsi(5) is about 35 and has not touched 50 this swing
Posted 28 December 2006 - 03:24 PM
Posted 28 December 2006 - 04:31 PM
Posted 28 December 2006 - 05:12 PM
Edited by spielchekr, 28 December 2006 - 05:14 PM.
Posted 28 December 2006 - 05:54 PM
Posted 01 January 2007 - 03:24 PM
"If you're using the last week of the old year - or even the first few moments of the new year - to help you predict what the rest of the month may be like, you might want to rethink things.
Last year ended bearishly. The market was heading south for the entire week between Christmas and the new year. Then, 2006 started with a huge bullish bang, with the rally continuing for six more days after that initial monster gain. On the eighth trading day of the year, we started a tumble that would give back almost all of the early January gains. We made a partial recovery by the end of the month, but undoubtedly the volatility gave plenty of traders whiplash - in addition to faking them out.
The year before that (the transition from 2004 to 2005) was different, but just as violent. We actually ended the year on a mildly positive note, which had a lot of investors expecting gentle bullishness once 2005 came. Wrong! Stocks started selling off hard on the first day of the year, and didn't really look back until late in the month."
*** at T-T the last weekend of 2005 a high majority of posters were quite bearish, and then SOX began a +15% run the first session of 2006, so after that most everybody with a blog was claiming they were up 20% year to date, then nasdaq did it's usual -5% in 10 sessions in january(3rd yr in a row)