thanksgiving of the last ten years

knight2017

Hi guys I glued together the thanksgiving performance of last 9 years. i hope this will provide some clue to some of you what are we dealing with.






the way i see it immediate  weakness at least within in 2 sessions is expected with only 2000 as an exception. strong pull back is also in the card, especially for recent year where volatility is much higher than earlier in this decade. either way, from the face of it, it is kinda against the odds for market to stay where it is or push much higher. please also note, although markets taking off right after the holiday is almost nonexistent (only 2000), prolonged weakness after the holiday seems not likely as well, so shorts probably should take profits without getting too greedy.  


always love to hear what you think

cheers

SP: hi guy i tried but really can make a good graph out of it but you should see for your self. I placed current year graph on top of 2001 and 2004 the first day the rally started for each year ( nov1 for 2001 and oct 26 for 2004) you will see current level indicates a pullback may not be a big one tho.

Also what is really keeps me up at night is that  a lot of ppl are shorting right now, i think if a push over to resistance level will cause a huge bear squeeze which could be crucial. this is rather an easy manipulation for MMs

knight2017

also seems like  for the Mondays of last 5 years we get down days and rather huge ones.

yaobooyao

Looks very bear friendly.

I 'm happy.

阿斗

This year resembles the year 2003 most, a huge bull run with no big pullbacks. If history is any guide, I would bet on the bull side in this thanksgiving.

牛熊

Good work! Thanks.

azure4068

thanks!

coexist

good reference, thanks

Wolf

it most likely will go up at this time

busywind

SF

X中国陆军

Well done.

xiaoshitou

Thanks