Short Term Trading Member Forum

[DowDeva]

I was speaking more of the psychological effect of the failure of a turn-key seasonal pattern on which traders rely and that failure's effect on crowd optimism going forward. Not the technical import of post Thanksgiving vis-a-vis upcoming 40 week low.

We have different phasings, obviously.

I think we have just put in a short term low (with a nod to Blissy), and up for a week or so, with the strong possibility thereafter of waffling into the end of December. Tax selling doesn't really start anyway until the last week of December. Please correct me if I'm wrong here; I know you have far more experience than I.


Hope everyone had a happy Thanksgiving.