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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Ken Wolff who wrote (600)2/25/1998 12:56:00 AM
From: Ken Wolff  Read Replies (1) of 2120
 
INTRA-DAY CYCLES (Part III)

I have saved many traders money by advising them to SKIP any rallies that occur around 2:00PM EST. The exception of course is any good news stories. The action usually picks up between 3:00PM to 4:00PM EST.

I usually watch about 8 stocks very intensely the LAST 10 minutes before the market close. I try to identify any stock on a heavy rally at the end. These are usually candidates for overnight gapping. I will try to buy the last minute to prevent any late heavy selling. We've been having very good percentage success with this method. Try paper trading this method for yourself and let me know your percentages :)

Good Luck,

Ken
mtrader.com
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