According to the Trader's Almanac, "The last 36 up first five dates were followed by full-year gains 31 times, for an 86.1% accuracy ratio." In other words, the first five days of the trading year have a habit of setting the tone for the year. So -- what have we see so far this year?
The SPYs are down about 5.5%.
The QQQQs are down 8.56%
The IWMs are down 8.24%
Wednesday, January 9, 2008
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