Dec 2010 Options and Triple Witch. ..........Knowledge is power!
Based on an unscientific view of Options expiration for all Decembers since 1998 to 2009 I have come to one main idea.
To try to paint this with one brush it looks like my theme would be:
Do the opposite of what ever Monday does. ( i.e. if Monday up then rest of week is mostly down, Friday afternoon always iffy) .
Drilling down 1998,2000,2002(except Fri),2003,2007,2008 (dn,Monday big 44pt rally Tuesday was too much then down rest of week).2009 Up Monday net dn to Friday am)
1999 failed this theme a little where Monday was dn a little and Tuesday was down a lot , then rallied rest of week
2001 a bear year rallied most of week, 2006 same rally all week...
2004 and 2005 interestingly had MTW up Th F dn
JPG attached look at blue weeks, click image to expand.