Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Dave Shares who wrote (7084)	4/4/1998 8:13:00 AM
From: LastShadow	Read Replies (2) of 120523

Pre-Holiday Effect: Good Friday The exchanges are traditionally closed for nine holidays. Data collected over the last 50 years has found that the two days prior to a holiday are very bullish. We suspect this is due to traders lightening up their short side to cover themselves against unexpected good news over the long weekend. Historically, the gains from just the pre holiday periods surpassed the gain by the market for the entire 50 years. At any rate, the cumulatively compounded percentage market gain for Good Friday is as follows: Day 1 (April 8) 7.3% Day 2 (April 9) 17.8% The plan would be to go long on any stock you are looking to enter early on either day. In my experience, there has been very few times when this effect wasn't in place. A notable exception was the recent President's day, which also coincided with the Asian fiasco. lastshadow

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