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Strategies & Market Trends : Strictly: Drilling II
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To: waverider who wrote (12714)5/20/2002 3:23:19 PM
From: Louis V. Lambrecht  Read Replies (2) of 36161
 
Thanks - almost forgot to check:
3 p.m. is pro-hour.
At most brokerages, large orders must be entered before 2 p.m. to allow for the specialists to make their books.
The 3 o'clock trend usually shows how bullish/bearish the large funds are.

At 3.30, daytraders close their positions and take their profits. Trend may or may not reverse (rat-tail / fat-tail).

Lessie who wins: BigMo or day-traitors. <vbg>
NEM still has some catch-up to do, even on the XAU :-)
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