Market Sense and Sentiment

[PL]

Steve, your friend must be Rainsford Yang from Astrikos.com? That data your friend pm'd you is straight from that site in that exact format. If your friend is not Rainsford, then he should be giving credit to him for his work.

Here are the other stats from that report.. as you can see it was copied from that report word for word bottom paragraph:




The S&P500 on Christmas Eve
12/24/03... SPX ???
12/24/02... SPX -0.5%
12/24/01... SPX -0.1%
12/24/98... SPX -0.2%
12/24/97... SPX -0.7%
12/24/96... SPX +0.5%
12/24/92... SPX +0.2%
12/24/91... SPX +0.6%
12/24/90... SPX -0.6%
12/24/87... SPX -0.5%
12/24/86... SPX +0.2%
12/24/85... SPX -0.7%

The day after the Christmas break typically finds the S&P trading up or down only slightly. Over the past fourteen years, the S&P has never closed down more than 0.3% in the session immediately following the Christmas holiday. This suggests any early weakness of a few S&P points or more on 12/26 would most likely be a buying opportunity for the day...

The session after Christmas
12/24/03 SPX ???
12/24/02 SPX -0.3% one day later
12/24/01 SPX +0.4% one day later
12/22/00 SPX +0.7% one day later
12/23/99 SPX -0.1% one day later
12/24/98 SPX -0.1% one day later
12/24/97 SPX +0.4% one day later
12/24/96 SPX +0.6% one day later
12/22/95 SPX +0.4% one day later
12/23/94 SPX +0.4% one day later
12/23/93 SPX +0.7% one day later
12/24/92 SPX -0.1% one day later
12/24/91 SPX +1.4% one day later
12/24/90 SPX +0.3% one day later
12/22/89 SPX -0.2% one day later