Halloween Rally Still Possible
So far - this year has not been the poster child for the Halloween Rally pattern I pointed out. Last week had been a strong week already, so by the end of the week the markets were taking a rest - towards the downside. Let’s keep a watch on the opening prices on Monday, Oct 30th and see if there is a rally over the rest of this week. Buying at the open of Oct 30th and selling at the close five trading days later has shown an average of 2.83% rise in prices. Okay, so buy at the open on Monday and sell on the close Friday -> remember, for fun! I doubt this is a pattern that you can really trade - but it is interesting to look for these patterns.
