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This morning a good friend on the floor of the NYSE showed me a chart of the
DOW overlayed against a chart of winning percentages of the LA Lakers when
playing Portland. The chart went from current back to 1977. What it showed
was an unusually strong correltion between market up days and a rising
percentage of LA victories against portland. The chart was also broken down
between regular and post season. During the regular season the correlation
was in the low seventies but in the playoffs, historically, it was an
unblievable 92%. That means when the percentage of Laker victories against
Portland is rising, the DOW has a tendency to rally. Currently the
percentage is rising. He said that if LA won tonight it predicted an up day
in the market the next session, if they lost then a down day was probable.
Only time will tell which way the market really goes on Tues but thanks to
Shak and Kobie, odds are it will be up.
Yeah!
!!!Go Lakers!!!
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