Bearish Mondays

bucks

I did an analysis on the performance of every weekday and found in this bear mkt Monday tends to be most bearish. The Table below shows that (data updated as of 05/08/2009 and you know what happened again on this Monday).



In last 400 trading days (approximately the peak in 2007), Monday closees green less than 40%, while the other 4 weekdays around 50%. (Actually, Friday tends to be bullish, in particular in this last rally). Wed used to be the best day for bulls in this uptrend, but today it's NOT. Maybe a bad sgin for bulls?

Even in this strong rally, Monday is always the bad days.

I further checked the relation of Monday and its previous trading day (Friday or Thursday). Among the 47 green previous trading days, 32 of them have a following RED Monday ( probability =32/47=68% to close RED on Monday). It's true again in this week.

wower

nice, thanks!

claudio

tomorrow

OE Friday is different. Monday will be different from regular category. I think if MM get market down until Friday. Next Monday will be high.

bucks

4# tomorrow


that's a good point. I am a frog. Anybody let me know where to check the OE dates? So I put it into the analysis and find out more its impact.

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