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

To: Nandu who wrote (35611)	5/25/2000 1:38:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

Nandu, It's a historical average based on trades on that holiday for stocks held an average of 6 months I believe. I've been trying to figure out how to trade with that knowledge for the past year everytime a holiday comes around. The best I have been able to do is watch for selling prior to the day off....for timing purposes....rightly or wrongly to buy or sell on the trading days prior to the holiday? that's one reason I don't mind being in cash today. The other is I'm having a problem w/ the market direction today so I'm waiting for the market to tell me. My earlier assumptions have not been met yet.

To: Nandu who wrote (35611)	5/25/2000 1:57:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 43080

Annualized - yes for the last question, no - its worthless for short term trading other than the fact that the market generally drops the day or two before a holiday - no one knows why, except that perhaps its because some are offloading shorts and longs prior to the long weekend in case bad news comes out. I have never looked att he data during corrections/bear markets for a correlation, so can't answer if its at all pertinent now. In general, what it says, is that if you buy tomorrow for a long term hold, its better than buying Monday. I use it as a possible trend for the two days before the holiday - that is, i expect a down day tomorrow, but given the current market, thats probably relative...