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To: Ken who wrote (12716)8/25/1999 4:38:00 PM
From: badon518  Respond to of 19700
 
i hope you're right. if a sizeable number are breaking the pattern (buying in the last 151 minutes) the flux should create upward momentum on the stock.



To: Ken who wrote (12716)8/25/1999 6:50:00 PM
From: Scarecrow  Read Replies (3) | Respond to of 19700
 
I think this pattern became widely known and has reversed. People are now buying in the last 15 minutes and planning to sell into the morning rally--only this time there won't be a morning rally. I predict we will see it down in early trading.

Four out of five days, this pattern holds true -- nothing is 100 percent. If the market is efficient and everyone knows this pattern, why would it still exist? Maybe today's amplitude on this curve was a little moderated, but it's just one day's data. Look at the trends and you'd see it's still there and has been for at least a year.

The simple trading strategy: sell in the first 5 minutes, buy in the last 5... Not foolproof, but pretty consistent.