Trader: Is the pattern of month-end reliable?

If there is something that interests traders it is that there is movement in the markets and money flow freely. So the days of low volume and low activity are often of little or no operational interest and more when it's summer. However, even in the summer months, traders should be aware of the existence of a pattern not very popular but often met with surprising regularity, the 'end of month'. Martin J. Pring as described in his book 'Technical analysis explained' (Editions of Spain Valor), data covering the period of 89 years ending in 1986 show that the gains recorded on the last day of monthly trading "are good regularly". The reason is the cash inflows in the form of wages, which affect domestic economies later this month. And that is not all. The four trading days that end at the end of the third trading day of the new month "have also proved very interesting". Other studies collected Pring suggest that this ideal for traders period runs from the penultimate day of the month until the third day of the following month, but regardless of which is the duration of this period, says this expert, "there is no doubt the market experienced a strong tendency to have a better performance later this month. " Read this news in


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