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Technology Stocks : Micron Sucks! :-) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (3190)	7/31/1998 12:54:00 PM
From: MythMan	Read Replies (1) \| Respond to of 3244

Tom, A recurring 5-day stretch each month has produced virtually all of the market's appreciation, as measured by the S&P 500 index, over the past 70 years. Known as the Turn-of-the-month (TOM) effect, this dramatic bulge in stock performance occurs during the last two trading days of the month and the first three trading days of the following month. I have some stats but to summarize, if all days were as strong as the average TOM days, the S&P 500 would have returned and average of over 36% per year, ex dividends, for the past 70 years. Aug 5 is day 3. Plus this market is in a trading range imho thus there are opportunities to jump in and out. I prefer buying dips rather than shorting rallies as I've had more success doing that. My put timing has sucked. -ng- Pete