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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (22332)7/31/2001 8:38:20 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
Rich, typically, the last hour trading direction "dictates" (statistically speaking) the beginning of the next day, so one trader taught me once upon a time.

Zeev



To: Rich1 who wrote (22332)8/1/2001 1:21:23 AM
From: brightness00  Read Replies (3) | Respond to of 30051
 
IMHO, short-term exponential MA and Bollinger bands extending from the previous day seem to hold enormous significance early in the new day. When there is an established down trend from the previous day, the first rally to test the 3-min, 24-period eMA in the early morning going almost always fail.

Just my couple cents,
Jim


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