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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

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