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 |
Misdirection? |
| 8/13/2009 | UP | UP | |
| 7/9/2009 | UP | UP | |
| 6/11/2009 | UP | DOWN | YES |
| 5/7/2009 | DOWN | DOWN | |
| 4/9/2009 | UP | UP | |
| 3/12/2009 | UP | DOWN | YES |
| 2/12/2009 | UP | DOWN | YES |
| 1/8/2009 | UP | DOWN | YES |
| 12/11/2008 | DOWN | UP | YES |
| 11/13/2008 | UP | DOWN | YES |
| 10/9/2008 | DOWN | UP | YES |
| 9/11/2008 | UP | UP | |
| 8/7/2008 | DOWN | UP | YES |
| 7/10/2008 | UP | UP | |
| 6/12/2008 | UP | DOWN | YES |
| 5/8/2008 | UP | UP | |
| 4/10/2008 | UP | UP | |
| 3/13/2008 | UP | UP | |
| 2/7/2008 | UP | UP | |
| 1/10/2008 | UP | DOWN | YES |
| 12/13/2007 | UP | UP | |
| 11/8/2007 | DOWN | UP | YES |
| 10/11/2007 | DOWN | DOWN | |
| 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!