hokhani said:
By this, do you mean that my earlier comment (according to the picture) is correct?
I think that you are conflating the valence-electrons with the valence-hole.
The valence-electron is not the same as the valence-hole. The valence-electron moves in the opposite direction the corresponding valence-hole. The kinetic-energy of the valence-hole is the negative of the energy of the valence-electron relative to the top of the valence-band.
In an energy-level schematic, the valence-hole smiles :-) while the valence-electron frowns :-( If you see the valence-band turned down, then this is a valence-electron band. If you see the valence-band turned up, it is a valence-hole band.
The picture of the exciton is of a conduction electron bound to a valence-hole. The conduction-electron and valence-hole have to travel together. However, the valence-electrons corresponding to the valence-hole are moving in the opposite direction.
The valence-electrons are tunneling from one atom to the other. The hole is really the gap in the valence-orbital, not the electron. So the valence-hole is traveling in the opposite direction.
It is like watch a air bubble under water. If the air bubble goes right, the water near the bubble is going left. If the air bubble goes up, the water near the air bubble is going down. The valence-hole is like the air of the bubble, and the valence-electron is like the water near the air bubble.