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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (14734)	12/20/2001 12:41:47 AM
From: Bruce A. Brotnov	Respond to of 99280

ajtj99, I don't disagree at all. What I was saying was about the time each year the average "joe blow" is looking for the January effect he gets snookered. For example I pulled out an old DG for 98. About 19 Dec 97 Nas was closing at 1500 and the first week of January it hit peak of 1602. By approx 10 Jan 98 it lost it all to 1500 and even hit something like 1475 about the time someone was looking for the January effect. They got it all right - plug pulled by those who bought in December and earlier. One week later it was a litte under 1600 and by 1 Feb it may have been around 1610. What I was saying is the past few years the January Effect took on new meaning - not the great bonaza for making new gains, but rather it was one for capturing gains. Probably the first week of January is an attractive one for shorting on short term basis. Seems like about every year started good the first week and then went dismal for a week or two and then came back after the novices were shook out. Bruce