The Olympics are fast approaching with the Opening Ceremony being held in Beijing, China on the auspicious day of 8/8/2008.  The Chinese word for eight sounds similar to the word which means prosper or wealth so will some of the Chinese luck rub off on the stock market this year?

Can you take home Olympic gold from the markets this year and build your wealth?

Studying the performance of the Australian stock market around the time of previous Olympics shows some interesting results. It would appear that historically the market drops prior to the start of the Olympic Games and then rallies during and after the Olympics have passed.

Stock market traders would do well to ready themselves for the trading opportunities represented by the Olympic Games.

The pre-Olympic drop is already apparent in the market, so follow the Chinese lead and position yourself for Olympic gold in 2008. Perhaps the number eight will translate into wealth and prosperity for you this year.