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I just came across an old book that I forgot that I even had. It's
"Stan Weinstein's Secrets for Profiting in Bull and Bear
Markets".(Whatever happened to him?) In it, there's a chart attributed
to Yale Hirsch's "Don't sell Stocks on Monday" (A book? I don't know.)
The chart is as follows:
Market performance each day of the week based on the number of times
that the S&P closed higher than the previous day from June '52 to June
'85
Mon - 43.0%
Tues - 51.3%
Wed - 55.6%
Thurs - 52.6%
Fri - 58.0%
This sort of supports your strategy. I am not saying that this is
true. I didn't do the research and am not sure who did. Just for
interest.
~Alan
THE DOCTOR wrote:
>
> So who needs any form of analysis. Just buy the opening Thursday and
> sell the close Friday. As Bizarre as it sounds it has worked for about
> the last 6 weeks. Obviously I'm making light of this situation, but
> isn't it interesting. The open Thursday to close Friday has been pretty
> interesting for over a month.
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