Taken from CNBC.com:
Buy on Friday's close, sell on Monday's close, THEN go away? I ran into an old friend, technician Frank Gretz of Wellington Shields, in front of the NYSE this morning. We talked technicals, and in the middle of the discussion he noted that Monday's have seen an amazing outperformance this year. He's right; here are the cumulative point gains for the Dow Industrials for each trading day of the year so far:

  • Monday up 1,076
  • Tuesday up 12
  • Wednesday up 114
  • Thursday down 841
  • Friday down 721
Can we really earn money doing "Buy on Friday's close, sell on Monday's close"?


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