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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (24416)11/22/1999 5:17:00 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 69822
 
To: bobby beara (33889 )
From: dennis michael patterson Sunday, Nov 21 1999 1:54PM ET
Reply # of 33927

Seasonality and Tech Stocks:

"The best time to buy technology stocks is at three in the afternoon on Monday in the week of Thanksgiving Day. Thisis not a joke. Technology stocks usually mount a vigorous rally between the end of November and the end of January. In the past three years the average gain for the technology group has been +15 percent in this two month period, so it is a vigorous updraft. The first sign of a rally is a holiday upturn preceding Thanksgiving."

Michael Gianturco, *The Market That Beats the Market* (Little, Brown, 1995), page 6.
Copyright Michael Gianturco

Well, we've had the holiday upturn so far.........




To: Johnny Canuck who wrote (24416)11/22/1999 8:53:00 AM
From: d. alexander  Respond to of 69822
 
Harry,; thank you for the sites. The I-Watch is going to take some figuring out (afraid i gave up on those option chains).

The thing I really like about Schaeffer's site (also what he says in interviews) is that, with some work, I can actually understand what they mean. Eureka.

>>>Sorry, I use the old pencil and paper method.

Maybe there are ways to cut down on staying up half the night ;-)

Dorothy