The 52-week new highs on Friday 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 long for the weekend.

2. Exit the long position on the opening of the following Tuesday.

3. If the market opens sharply lower on Monday, exit the position immediately.


http://club.ino.com/trading/2011/05/your-1pm-update-and-the-52-week-new-highs-on-friday-rule/