Quote from Cheese:
Divorce yourself from what goes on before or after any trading day market (eg Dow index). What occurs each day is the familiar W or M day, or it can be a V day, an N day or an A day. The apparently elastic intraday movement up and down are gyrations.
You may say instead intra-day trends or mini-trends or mini-channels. I don't; I have a completely neutral mindset. Trend means it is trending or could be part of a larger trend beyond one day.
But, no, I wouldn't argue semantics if your want to use your own words.
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How about the tasty "J" day or my favorite the "I" day.
