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Thread: "January Effect" with stock market
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Old 12-30-2013, 04:31 PM
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Quote:
Originally Posted by glgene View Post
I heard on CNBC today (12/30) the following commentary by one of the guests interviewed...re: the so-called January Effect:

1) The first 5 trading days of January has an 85% probability of predicting the gain vs. loss yearly status for the market.

2) For action the entire month of January, it sets a 76% yearly probability.

Disclosure: Notice I didn't say 100% predictability. So don't shoot the messenger.

Gene
Sorry Gene but you're dreaming if you think they won't shoot the messenger on this board.

But I applaud your courage for passing along the info.

And now that I dipped my toe in, what specifically are they looking for in the 1st 5 trade days to determine? Are they saying the % gain/loss in those first 5 days will be near/same as it will be for the whole year?