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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who started this subject10/19/2001 12:48:14 PM
From: Cush  Read Replies (1) of 5144
 
It seems to me that one of the effects of the September 11th attack, and the uncertainty that has followed, has been to change a pattern that I've relied on and traded, for years.

In my trading, I've always taken into account the weekend effect that I think is described in one of Peter Lynch's books.

In the past, given the weekend to worry about holdings, investors seemed prepared to sell on Mondays.

I've used that.

Sell on Friday; Buy on Monday.

On Fridays, stocks that were doing well all week, usually rose even more, as investors decided in their enthusiasm that they needed a position.

On Mondays, some had reconsidered and sold.

I think things have changed.

I think now it should be-

Buy on Friday; Sell on Monday

Why?

Because I think investors are reluctant to hold over the weekend, afraid there'll be some new terrorist attack.

After the weekend, their confidence returns.

Just some musings on the market.

Cush
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