In bull trends, it's a 90% accurate signal. I have seen da_cheif posting this for nearly 15 years. Yet, most try to short during this week and lose money. I was a victim of that for many years. The game is very simple. They create a convincing sell signal on WWW (wednesday before expiration) and get everyone bearish. Then a abrupt turnaround mostly in gaps and screw the shorts. Then they throw in a couple of false sell signals during the opex week and again screw the shorts via gaps. Seen this movie way too many times. If you have an uncontrollable urge to short, wait for post-expiration. It will save you a lot of money.
It's really not about technicals during this week(although technicals can help if you only look for long setups), but it's mostly tactical stuff. If i have to be blunt, it's plain manipulation.
Thanks to cheif, i only play long during this week and mostly make good money.
Edited by NAV, 15 December 2017 - 11:43 AM.