Matt mentioned the market usually goes up on Fri. before a three
day weekend - SO I thought I would buy a little SSO at the close on
Thur. When am I going to learn to stop doing that and just
stick to the company line like following the GDX system?
Guess it's like going to the stock car races, gives you a little
thrill or even a reason to get up! Stay safe out there.
i believe it was art merrill who did an extensive research on
this and said that if you buy the dow jones industrials the eve of
the last trading day before a major holiday and then sell on the
close of that day (basically a one day trade) you will make money
most of the time...but i think that we should make sure we're in a
bull phase, i.e., the long term indicators are up and now down
before doing this trade, i got burned doing it a couple of years
ago...
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When am I going to learn??
Posted by mmoskau on 2nd of Sep 2011 at 10:21 am
Matt mentioned the market usually goes up on Fri. before a three day weekend - SO I thought I would buy a little SSO at the close on Thur. When am I going to learn to stop doing that and just stick to the company line like following the GDX system? Guess it's like going to the stock car races, gives you a little thrill or even a reason to get up! Stay safe out there.
join the learning club
Posted by 8899 on 2nd of Sep 2011 at 11:09 am
i believe it was art merrill who did an extensive research on this and said that if you buy the dow jones industrials the eve of the last trading day before a major holiday and then sell on the close of that day (basically a one day trade) you will make money most of the time...but i think that we should make sure we're in a bull phase, i.e., the long term indicators are up and now down before doing this trade, i got burned doing it a couple of years ago...