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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (4840)	5/5/2001 2:22:16 PM
From: SusieQ1065	Respond to of 5732

Trading Tip from HardRightEdge.com Major intraday setups tend to peak in the last hour. A strong trend often reaches a first climax early in the day, and spends several hours testing its new range. Positive bias then carries price back towards the intraday high late in the day if the market stays strong. This encourages new speculators who hope for another trend leg, or who want to buy in anticipation of a continuation move the next morning. Sometimes markets will close just as price reaches the peak, but doesn't eject. Odds then favor a strong breakout gap when trading resumes.