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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (602)	2/25/1998 5:50:00 AM
From: John Hunt	Respond to of 2120

re Intraday Patterns Ken, Could I have your comments on these intraday patterns that I think I have observed / confirmed. High/Low Previous Day Stocks that break either the high or low of the previous day will have a strong bias in that direction for the rest of the today and probably tomorrow as well. High/Low First Hour Today The 'neutral' high and low of the day is made in the first hour. Movement outside of this range will have a strong bias for the rest of today. The second half of the first hour of the day will normally retrace one half of the move during the first half hour. Sock it to the Brown Baggers The close will tend to be in the opposite direction of the lunch hour. That is a strong rally in the lunch hour will predict a weak close and vice-versa. Thanks. :-)) John