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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: The Freep who wrote (26446)	1/2/2002 10:39:30 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Last year we had the surprise cut on the 3rd. I remember it well -- futures jumped about 80 ponts in literally a heartbeeat.

To: The Freep who wrote (26446)	1/2/2002 10:50:15 AM
From: Paul Shread	Read Replies (2) \| Respond to of 209892

What about the correlation between the direction of the market in the first 5 trading days and the full year? Worked well the last two years. >>Supposedly, historically (I've lost the link, but it wasn't too stat packed anyway), after year-end rallies or strongly positive calendar years in particular, the first week or so of January can be "surprisingly" weak due to the above phenomenon.<<

To: The Freep who wrote (26446)	1/2/2002 10:50:30 AM
From: yard_man	Respond to of 209892

makes a lot of sense to me -- little selling before to offset winners -- little bit of selling after to take gains for the next tax year. Next week should give us more of a clue for the rest of the month as long as this initial selloff isn't too deep