Aug

10

Of what predictive significance is the first Monday, or second Monday or third Monday or 4th Monday or fifth Monday of the week? Same for Tues, or Wed or Thurs or Friday. If there is any non-random behavior, are any profit opportunities related thereto?

Anatoly Veltman writes: 

I honestly think any hypothesis should originate with a reason for it. In this case: first Fridays are employment data. FOMC also has set schedule for certain Tue+Wed throughout the year. Other than that, you face random occurrences that vary with cycle stages. For example, the recent years adage of Bullish Tuesdays brew within a protracted Bullish phase. Of course, any week in the midst of Bull market would develop its up move from early in the week. But I vividly recall the adage of turn-around Tuesdays thru the 80's and 90's: the decades of more market struggles and volatility, the decades of real market interest rates.


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