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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (28566)	9/24/2001 10:45:37 AM
From: Rich1	Respond to of 30051

I thought it was the opposite BWDIK either..

To: Frederick Langford who wrote (28566)	9/24/2001 10:53:11 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Tha assumption is that a good proportion of the "professional" traders observe the holidays, so there "moderating influence" may be withdrawn, thus bounces may occur on both. But it also depends a lot on where in the normal calendar these holidays fall and what was the trend before, it often simply signals a short term trend reversal. Here I believe that you would want to be relatively long since the trend was down till here and you are still a good span from "window dressing time".. Zeev