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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Rocketman1 who wrote (4690)	7/12/1998 8:42:00 PM
From: John Hunt	Read Replies (1) of 12617

<< What is this 30 minute cushion for? >> Rocketman, Stocks that are gapping up or down will often have a pull-back 20-30 minutes after the open, before they resume the trend. The pull-back often lasts about the same amount of time. In a stock that is not gapping, the 'normal' high and low for the day will frequently be made in the first hour. Movements outside of this first hour trading range are often significant. I would guess that he is using one of these to extablish the daily trend before trading. John

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