Thursday, March 26, 2009

Game Theory for end of month [Update 4-1]

My elaboration of  Eric's Quick Thouights [sic]

Friday: Market up in anticipation of Barron's saying the bear is dead.  

Weekend: Barron's announces "Bear is Dead"; talking heads mention the booming market up 20% in 3 weeks, yada, yada, yada.  

Monday: Retail traders call their brokers to get in and late day rally as managers (ie, "smart money" guys) buy.  

Tuesday: Market sells off or goes sideways all day, then tanks in the afternoon.  

Wednesday: Broad-based trend down day.


UPDATE 4-1

Well, I couldn't have gotten that more ass-backward! So much for me gaming the market on daily movement, I guess I'll go back to grunt work on the daily grind.

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