Does the holiday affect the stock market?

The impact of holidays on the stock market can not be ignored, and sometimes it is even huge. We can collectively refer to this effect as the festival effect. Among the festival effects, traditional festivals have the greatest influence on the stock market.

There are two theoretical bases for the influence of time period on the stock market. A theoretical view holds that the stock market is also the scope of human activities and will inevitably be dominated by natural laws. For example, the classic Fiji time window actually studies the golden ratio in time. And a spiral calendar time window to study the periodic influence of the moon on the earth. These influences will directly or indirectly affect the stock market, and then lead to changes in the stock trend. Second, the time window in Gann's theory is mostly "statistics of historical laws", which means that history will repeat itself, so when these dates appear repeatedly in the future, we should pay special attention to the changes of stock trends. For example, he put forward the date that should be paid attention to in each month of a year 12 months, and the cycle of changing the disk in multiples of 7 and 7. In addition, Gann also pointed out that important festivals can easily become the inventory of market changes.