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To: fuzzymath who wrote (24040)	12/6/1999 3:39:00 PM
From: JC Jaros	Read Replies (2) of 64865

Re: Why do moving objects continue to move -- I don't know if I'm bashing you or not. You're the physicist. :) I'm not sure why TA is any more valid because it doesn't involve individual stocks. I'm not sure that the "January Effect" might not be more easily explained using a calendar. --Anectdotally, this time last year, I was tracking a stock (LSI) intently after being clued into a phenom by a fellow SI poster, which involved fund managers (baa-aaa) purging the dog LSI from their portfolios at year end for reasons of "window dressing". On Dec 31, I went long LSI at $16. My intent was to prove this 'following rabbits down the hole' theory and do this 'point to the center field fence' and impress my wife with "watch this; this stock will return us 20% in 2 weeks. And sure enough, as if by devination, the stock was up 20% right on schedule. I decided to hang on to it, and a year later it's at $70. I'm going to try the same thing with another stock THIS Dec 31 and see if lightning will strike twice. My point is, you don't need to be a math major to make money in January, and I wouldn't agree that Dec/Jan is necessarily the best time to be 100% invested. IMO -JCJ

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