Wednesday, December 31, 2008

Last trading day/First trading day of the year....

No charts to or data to back it up, but if I feel so inclined I may attempt a back test to substantiate the statement from a revered CNBC analyst, "The Last trading day historically is usually down; and conversely the First trading day is usually up".

Buy on close today and Sell on close Friday.

Happy New Year's

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