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Strategies & Market Trends : LastShadow's Position Trading
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To: Nandu who wrote (35611)5/25/2000 1:57:00 PM
From: LastShadow  Read Replies (2) of 43080
 
Annualized - yes

for the last question, no - its worthless for short term trading other than the fact that the market generally drops the day or two before a holiday - no one knows why, except that perhaps its because some are offloading shorts and longs prior to the long weekend in case bad news comes out.

I have never looked att he data during corrections/bear markets for a correlation, so can't answer if its at all pertinent now.

In general, what it says, is that if you buy tomorrow for a long term hold, its better than buying Monday.

I use it as a possible trend for the two days before the holiday - that is, i expect a down day tomorrow, but given the current market, thats probably relative...
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