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To: Patrick Slevin who wrote (32774)	1/10/1998 10:34:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Patrick, Hirsh has a piece on trading the first days of the market, I'll look it up. If I remember it went something like buying on the 26th and selling on the 5th of each month as that's where most of each month's gains are made. Perhaps if one were to dig a little there would be reasons that make sense for this... some quick thoughts might be pay checks going into funds, earnings, government stats, how people pay their bills on average or when they get their money or know what they actually have, announcements tend to anticipate the end/beginning of the month, etc. Jim

To: Patrick Slevin who wrote (32774)	1/10/1998 11:07:00 PM
From: randy kay	Read Replies (2) \| Respond to of 58727

AHA! A Western spin on Patrick's lunar theory. Maybe there are alot more people out there who trade by 'odd' sounding things than we think of here in North America. For instance, I've read that Chinese people are very superstitious about numbers, ie: I was recently at a store and the guy infront of me had a total of $26.26 and the Chinese clerk said 'AH, a good number' (of course, all I could think was 'yes, a good number for you' <gg>) and I've read that some wealthy Chinese who move to Vancouver from Hong Kong won't buy houses with certain street addresses. Is it possible that there are people out there, maybe alot of them, with huge amounts of cash who are superstitious and they 'make' some of these things happen by being superstitious en mass? For all we know, there could be a whack of rich Chinese investors who freak out and dump everything every time there is a full moon and by doing so, the markets drop and they remain convinced that the markets drop on full moons! In any case, if there is any correlation, for whatever reason, it is worth investigating. Randy