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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (34127)	4/19/2000 2:57:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

I usually do my grocery shopping on Saturdays anyway! BMY...wasn't halted immediately,lot of transactions @ 47 prior. I had a chance...didn't follow up...assumed it was halted... IMO, 13pts oversld....but retested the low from last Fri. I hope it stays in this range when it reopens. Bid 44/Ask 47...now 47/51....same 200K ask???? be carefull! expect NAZ to be -100 before close...

To: LastShadow who wrote (34127)	4/19/2000 4:27:00 PM
From: AlienTech	Respond to of 43080

>>See, I told you guys I would eventually post all the holiday's in one post – so bookmark this or print it!z<< Well that would take away from one less thing you would have to do. I will just keep on bugging.. Easier than sticking the sticky paper on my forhead.. And hard to read too.

To: LastShadow who wrote (34127)	4/19/2000 5:14:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

The market was decidedly lower today? 2 days before Holiday....I expect the same tomorrow...but I expect to buy,Monday to. Pre Holiday Effect: There are nine holidays for which the Exchanges have traditionally been closed. Historical research shows that stock prices behave in a significantly positive manner in each of the two trading days preceding a market closing. In general, purchasing equities on one of the two days preceding a holiday and selling just after has proven a profitable play. The most likely rationale for this effect is that short traders are lightening up their holdings prior to the three day holiday in order to avoid any unexpected good news. The following lists the average Pre-Holiday Seasonality record for the last 50 years, based on the S&P 500 Index. Holiday Day 1 Day 2 President's Day* -0.1% 12.2% Good Friday 7.3% 17.8% Memorial Day -4.7% 22.8% Independence Day 13.3% 37.3% Labor Day 16.8% 33.7% Election Day 17.9% 4.6% Thanksgiving 4.3% 1.1% Christmas -7.1% 15.2% New Year's 31.1% 19.6% *Note, Presidents Day data is comprised