XJO 0.74% 8,285.2 s&p/asx 200

'Still, it’s early days and only the very superstitious will be...

  1. 334 Posts.
    'Still, it’s early days and only the very superstitious will be looking at the Almanac rule that, among others, shows if the US market is positive after the first five days of trading, the market is not only up for the year, but on average it is up by around 14 per cent.

    Nothing is foolproof but this theory has a success rate of about 85 per cent since 1950.

    Unfortunately the major index was down half a per cent after the first five days of trading this year.'

    Found this from the article below.

    Read more: http://www.smh.com.au/business/markets/selloff-shows-how-nervous-investors-are-20140114-30sxa.html#ixzz2qMMCugPH
 
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