imported post
It actually gets better in bull markets.The67% is for all occurances of theThursday prior to Good friday.I don't have the chart to post but basically when the S&P was above its 50-day m.a., then the day before Good Friday was higher 76% of the time. In this instance the Monday and Tuesday following Easter is generally positive more often than negative and within in normal range for that stat, but the averagegain on that Tuesday is significantly above the normal range. Particularly if Monday was a down day.
The fact that we are stilloverbought, althoughthese last couple days are helping,makes it likely that itis a one day play, then I will go back to following my normal indicators. If we do pullback on Monday,ideally down near the gap I mentioned and the50 day ma (both are at about the same level) Tuesday could also be a day to be in stocks, perhaps even for longer term. But that might be premature. We'll have to wait and see on that one.
Tom