Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.17

-1.4%

Nov 7 9:30 AM EST

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To: John Trader who wrote (41317)	1/5/2001 9:59:09 PM
From: brunn	Read Replies (2) of 70976

Then may be this January rule will be broken this year. I believe that the January rule is based on the first 5 trading days of the year rather than the first calendar week . (For example, if January 1 fell on a Thursday, the first week of January would consist of only one day.) If I remember correctly, the first five day predicts the course of the month which in turn predicts the direction of the market for the year. This rule probably does not mean a whole lot. The first week and month of the year have a naturally bullish tendency secondary to money flow and this corresponds to the generally bullish direction of the market. However, it may be slightly more reliable than the Super Bowl indicator.

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