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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Long John who wrote (67205)	10/21/1999 4:50:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

"How Seasonality Influences Markets" Chapter 16 in a book by Jake Bernstein,The Compleat Daytrader. He speaks about the tendency of a market to move in a given direction at given times of the year. Seasonal price tendencies exert significant influence in all markets. The trader who is familiar with seasonality can use it to his or her advantage. Seasonal influences cause markets to move in a given direction on a large majority of time during certain weeks, months, and even calendar. Art Merrill, in his classic book, The behavior of Prices on Wall Street demonstrated this phenomenon statistically. He proved definitively that the Dow Jones Industrial Average was prone to close higher the day before certain holiday a large percentage of the time. His statistical base dated back over 100 years, and thus the odds that his findings were random events or chance results were less than 1 in 10,000. As soon as I get permission from the author I will reprint more of these findings. I'll look up how the market reacted on Halloween and report back. *excerpt reprinted from The Compleat Daytrader by Jake Bernstein