Don't old-time traders say much the same thing? I've heard a
saying which I can't recall verbatim but says something like "in
May, go away." The reasoning is, as I remember it, that the markets
are dull during nice weather because many folks are on vacation or
just plain taking a break from beating their heads on the mystic
wall of Wall Street. Many traders follow seasonal price patterns, I
believe.
Don't old-time traders say much
one of my old videos
Posted by druck on 4th of Apr 2009 at 11:39 am
Don't old-time traders say much the same thing? I've heard a saying which I can't recall verbatim but says something like "in May, go away." The reasoning is, as I remember it, that the markets are dull during nice weather because many folks are on vacation or just plain taking a break from beating their heads on the mystic wall of Wall Street. Many traders follow seasonal price patterns, I believe.
The
Posted by ravun on 4th of Apr 2009 at 12:34 pm
saying is "Sell in May and go away"
Now don't go assuming I am an old timer...))