Saturday, December 11, 2010

Secrets of the 52 Week High Friday Rule

http://broadcast.ino.com/education/52weekhighfriday_dest/?blog1210

rule 1: On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home for weekend.

rule 2: Exit the long position on theopening the following Tuesday.

rule 3: If the market opens lower on Monday, exit this position immediately.

The 52 Week High Friday Rule works extremely well in futures and in Forex.

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