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To: Paul Shread who wrote (26452)1/2/2002 11:08:16 AM
From: The Freep  Respond to of 209892
 
<<What about the correlation between the direction of the market in the first 5 trading days and the full year? >>

Darn good question, Paul. I have no idea.

I'll see if I can find the article I read again and see if it deals with that. Perhaps it's two "axioms" in conflict, neither of which really has significance? That'd be my guess.

the freep



To: Paul Shread who wrote (26452)1/2/2002 11:19:06 AM
From: Lee Lichterman III  Read Replies (3) | Respond to of 209892
 
You probably already saw this on stock attack but note that there were very few years that the first 5 days were down on AVERAGE....

marketswing.com

Only the depression years did they average down.

FWIW - I covered most of my shorts this morning armed with this new data. I will be looking to redeploy around March. I am not bullish, just a bit gun shy on my bearishness. -gggg- The historical trends seem to show that Jan =Feb is not a good time to bet against the market in any time frame be it flat, up or down.

Note if you adjust your charts just right, the each of the last two years compare nicely with the 30-32 time frame chart. Donald is in the camp that we should see a 60s-81 type range next but more like the 70s period which I didn't post yet as I am still refining some things.

Good Luck,

Lee