As “everybody” keeps jumping off the cliff and sells, many people are still enjoying their well deserved X-mas break.
It will be highly interesting to see, how the market reacts next week as it will be the real first full week of the year 2008.
We already are in the RED this year around 3 to 6% or even more … depending the market you look at.
Interestingly … despite many peaple telling you about the “January indicator” and the “first 5 days rule” … statistics show, that the January performance for a market, which falls the first 5 days is actually BETTER than the one for a market, which rises during that period.
So … expect from me some comments over the weekend as I start trading Monday. Stay tuned!
Have a nice weekend!