Replies to post #41116 on The TradingEdge

[algol]

2600 at the very least (more like 2580); the prices from the short Thanksgiving week will be revisited and the small gaps filled.
Have a safe trip back to the US!
Algol

[jxyzobrien]

the general cycle
pullback early in month. then rally into and thru expiration.
then some selling and finally end of month window dressing
buying.

this does not always play out and you can not blindly trade on
this.

the general theme going around is traders will sell after
beginning of year to get lower taxes.

But where does the new money flow coming in january go.

Remember what Willam Oneill said.

"the trade won't work its too obvious".

A normal pullback (reversion to the mean) will go to daily or
60 BBCL (bollinger band center line).

after 80 years EW still works