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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (77423)	5/25/2001 9:19:53 AM
From: Zeev Hed	Read Replies (4) \| Respond to of 99985

August, it seems that statistically, the day before a long holiday (does not matter which) is an up day, I am not sure if it is 75% or something like that. A long time ago, someone (who's name I have long forgotten), had that "trading tactics) of buying the day before the last day and selling on the open the first day after the long weekend, and he showed that doing only these trades with the S&P, he would have been better than staying with the S&P long term. What happens after the holiday is really determined by the market trend at the time, I do not remember anyone studying this in details. I am not sure that today will fall with the 75% or not, I think that we might actually belong today to the 25% when that tactic does not work (g). Zeev