Cobra's Market View Private Messaging System shows:
I don’t see any tricks today.
I saw some comments talking about “misdirection” day which means that the close on Thursday immediately before the OE week usually is opposite to the close of the OE week. i.e. A green Thursday should mean a red OE week close. Let’s take a look at what has happened since the 2007 bear market.
|Date||Close||OE Week Close||
|SUM||23 in total||11 correct|
Well, only right 11 out of 23 times recently on which I don’t think is a good odd to bet. Also an interesting thing is that the Thursday before OE week was more likely an up day (17 out of 23 cases) and that’s why during a downtrend it looked like indeed it was a misleading day because on a downtrend there’re more red weeks.
Enjoy your weekend!