This is part of the evidence for conspiracy theories that the Fed. is goosing the American stock market through the judicious buying of futures. (See Charles Biderman from TrimTabs Investments on this one.)
Another piece of evidence comes from the overwhelming number of big up-days which have occurred on Mondays. And the extent to which the total price rise of the bull rally from March has occurred on Mondays.
From The Evil Speculator:
"Since the March 9th, the Dow has had 30 up Mondays (or Tuesdays after a Monday holiday) out of a possible 43. Thats equal to 70 percent. And 16 of the past 18 Mondays being up (I just mentioned) equals 89 percent. Then incredibly, 80 percent of all the point-gains since March 9th came on those 30 Monday up-days."
Cheers
Red
mondayitis, page-112
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