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Politics : Ask Michael Burke

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To: yard_man who wrote (37129)	11/20/1998 9:41:00 PM
From: accountclosed	Read Replies (1) of 132070

tip, doesn't everything that works like 19/20 times create a situation where it doesn't work? Like the guy that asked earlier in the evening about how come the January effect was now in December. If a pattern has an effect, people try to jump ahead of it. So the 20% increase can be what we just had. I don't know if I was clear. If we could observe that every Friday the market would go up, wouldn't we buy on close on Thursday. But then someone would move to 3pm thursday and so on. Any thing that reliably works brings about its own downfall and breaks.

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