It's interesting that, since 1992, Veterans Day has had a tendency to be lower.
(See Quantifiable Edges).
11/11/11 this year in America was higher. Does that mean anything?
Probably not.
CXO Advisory group has done an exhaustive analysis of trading around 3-Day weekends. Here is their comment on the results:
"In summary, evidence from simple tests does not support a belief that investors/traders tend to exit the market before three-day weekends and re-enter after. There may be some tendency toward extra bullishness (bearishness) before (after) three-day weekends, but this tendency is not very consistent."
For the full report go to:
http://www.cxoadvisory.com/4467/calendar-effects/any-stock-market-anomalies-around-three-day-weekends/
Redbacka.
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