You know lim, that April/October thing is a crock. It's been true for two years -- '98 and '99. In April '97, for example, the Naz started at 1236. October 3rd, closed at 1715. That was a pretty good gain, no? (What's that, 40%?) Pretty much peaked at the end of February, sold off, then rebounded hard. In fact, late-April was the bottom for the year.
In '96 the rule was pretty much true. '95 it wasn't. '94 it didn't do much of anything the whole year.
So there you have it. Depending on your sample you could have a decent correlation. IMO, it's BS -- just one more thing people say without really taking a look at the numbers. Not to pick on you or anything, but to cash it in or predict malaise because of a "rule" like that is lame.
We may not go higher any time soon, but the time of the year ain't gonna have much to do with it.
Regards,
mmeggs |
