Here's the full text of those statistics, also shows that if you
took out the 1st day of each month, instead of the market being up
15.3% since the start of 2010, the market would only be up 1.4%!
Therefore if statistics continue to follow, tomorrow should be
another up day.
Last April, we had two up days following that big down day.
The M3 Switch stayed red today
Posted by snowcrow on 31st of Jan 2011 at 07:28 pm
Wow, I thought that I was the only one on this blog thinking
about this today and acting on it ( as an experiment) as I did last
month. I bought a few tings that I thought the big boys might buy
today. I plan to sell tomorrow. Wish me luck!
as noted by sentiment trader: 94% of 2010's gains came during
the first day of a new month. 61% of the entire rally was due
to gap up openings on the first day of a new month.
Interesting Statistics Regarding 1st Day of Month
Posted by steve on 31st of Jan 2011 at 04:42 pm
Heck, I should have simply bought on the last day of the month and sold on the first day and taken the rest of the month off since 2010.
Here's the full text of
Posted by matt on 31st of Jan 2011 at 10:32 pm
Here's the full text of those statistics, also shows that if you took out the 1st day of each month, instead of the market being up 15.3% since the start of 2010, the market would only be up 1.4%!
Therefore if statistics continue to follow, tomorrow should be another up day.
Last April, we had two up days following that big down day. The M3 Switch stayed red today
Wow, I thought that I
Posted by snowcrow on 31st of Jan 2011 at 07:28 pm
Wow, I thought that I was the only one on this blog thinking about this today and acting on it ( as an experiment) as I did last month. I bought a few tings that I thought the big boys might buy today. I plan to sell tomorrow. Wish me luck!
speaking of first day of month trading
Posted by hazbin1 on 31st of Jan 2011 at 07:44 pm
as noted by sentiment trader: 94% of 2010's gains came during the first day of a new month. 61% of the entire rally was due to gap up openings on the first day of a new month.
yes and I'll bet you it is stronger during beginnings of quarters (401k money, dollar cost averaging)
Posted by rikkwan on 31st of Jan 2011 at 05:02 pm