actio-et-reactio
Balance is but a brief transition between extremes.
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Friday, January 11, 2002
A good summary of one of the January Effects:
History Shows First 5 Days Can Put Bulls on Right Path Mind you, these sorts of adages bear further study. While they may "work", a sensible way to play it would be, like any trade, to use a stop loss. While the original observation by Yale Hirsch was for the Dow Jones Industrials, that these indices trade in tandem allows a liberal such as I to overlay it on the Nasdaq. Here is last year's chart, which also incorporates part two of the January effect, namely, "As goes January so goes the year".
Labels: seasonals
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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