SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (26464)1/2/2002 11:24:37 AM
From: Paul Shread  Respond to of 209892
 
Very interesting. Thanks, Lee. I was thinking of Yale Hirsch's data, which looked at the first 5 days versus the full year for the last 50 years or so, and found a pretty close correlation.



To: Lee Lichterman III who wrote (26464)1/2/2002 12:08:57 PM
From: Justa Werkenstiff  Respond to of 209892
 
Lee: Re: "we should see a 60s-81 type range next..."

Makes sense but only after this bear has bottomed IMO. I don't think the bottom of the range has been defined yet.

Re: "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."

I don't see that trend necessarily in bear markets that have not bottomed.



To: Lee Lichterman III who wrote (26464)1/2/2002 8:47:47 PM
From: Paul Shread  Read Replies (2) | Respond to of 209892
 
Re first five days of January - Don't know how accurate this is, but someone just emailed me this:

First Five Days of January----------------------Yearly Close
1) 1929: 307 to 297.7(-3%)------------------248.5(-17.1%) from the 1928 close of 300.
2) 1930: 244.2 to 246.5(+1%)------------------164.6(-33.8%)
3) 1931: 169.8 to 171.9(+1%)-------------------77.9(-52.6%)
4) 1932: 74.6 to 78(+4.6%)-------------------59.9(-25.7%)