CXO - Chart Thread, page-8563

OUR MARKET GOES DOWN BECAUSE?????????? WHO KNOWS, MAYBE.
The following comments were obtained from an investor on the internet.
I doubt if there is a truly definitive answer to this as market movements have always influenced by the whims of participants, reflecting whatever happens to be the strongest motivation on the day.
However, in general terms, most professional investors will exit positions on Friday afternoon for whatever reason usually because US markets continue to trade into our Saturday(their Friday) Therefore, we lag one of our key market influencers, Wall Street, by a day, As such, fund managers don’t want to be caught unprepared come Monday morning should there be a sudden big move downwards with US indices.In fact, over the last 30 years of advising and investing this person said,
I have always held the rule to never buy shares on a Friday in case of a downward movement on US markets on Saturday (local time). Setting up our market to fall come Monday, and hence creating a cheaper buy-in price for my trade just by waiting out the weekend. A small piece of risk mitigation, granted, but most certainly risk mitigation, nevertheless.
All to improve the probabilities of success.
IN MY OPINION WE JUST FORGET ABOUT FRIDAY AND LOOK TO THE FUTURE.
IMO