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The January 2001 Nasdaq 14% one day gain after a special 1/2 rate reduction is tough to beat when it comes to "taking the cake". Of course the Nasdaq continued its free fall after.

"Evidence" from us "trolls" to lambasting "studies" is not needed. The market will provided the "evidence" that "The Day Of Week effect" is in fact a myth and it has done that since this thread was started almost 1 month ago.

Good luck in fantasy land.

The sole purpose of starting this thread was to get people interested in TradersStudio. The Day Of Week effect is - and was always - a myth.

You don't bother with stops, you BUY at 9:30am, SELL at 4pm every Wednesday. Very simple. PS....I only skimmed through your long winded post, the Day of Week strategy is very basic and doesn't need a long post as yours.

The best results would be to paper trade for one year. You say Wednesdays are mostly up days. Well every Wednesday why don't you buy the S&P 500 when the market opens and sell at the end of the day. Post the trades live on ET and we then can crunch the numbers in September 2008. You could...

Not enough info. Example below shows 3 "up" Wednesdays to 1 "down" Wednesday. S&P 500 +10 S&P 500 +15 S&P 500 + 05 S&P 500 - 30 NOT GOOD even though up days out numbered down days 3 to 1.

I am not trading the "Day Of Week" strategy. I am 1 vote of 31 for No it's a myth.

From post #3: Lets not hop from day to day.

Another losing day for this "Day Of Week" strategy, that's 2 losing days out of 2 since this post was started. Maybe better luck this Friday and Monday. How about posting paper trades every Friday and Monday for 52 weeks then we can see how it works over a 1 year period?

Today is the sort of day I was talking about, even though not really a "black swan" the move today was enough take a closer look at the question "Day Of Week effect, does it still work?". I would have to say NO, and did it ever work? ----------------------------------- ForexGuru

But what about "black swans"? When the market moves up on Friday with a move enough to wipe out any previous gains using this strategy. Same thing when the market makes a big move down on Monday. Any data on those events? ---------------------------- ForexGuru

Ok....I'm done with this thread now. Thanks for the help and maybe you guys learned something also. :) ------------------------- ForexGuru

From wikipedia I found this stuff on STOCK SPLITS. Maybe it will clear up any confusion for you guys. Hope this helps. ------------------------------------ Stock split refers to a corporate action that increases the number of shares in a public company. The price of the shares are adjusted...

RIMM did split 3 for 1, perhaps I'm using the wrong "investment talk" or whatever. I get 3 shares for each share I had last week but since they are now worth only 1/3 my portfolio is worth about the same. I am still not clear on everything about this "stock split" stuff but I'm getting there...

FYI After doing some research about "stock splits" and RIMM it looks like you guys were right about this stock split thing. RIMM did split 1 for 3, which means I get 3 shares for each share I owned BUT the shares are now worth 1/3 of last weeks price. Thanks for all the help...

USD/JPY will be choppy, I recommend to ride the wave and take profits.

My students find me charming.

I happen to be a well respected Forex instructor.

Your wife is a little slow, she isn't firing on all cylinders.