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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (12376)	1/11/1999 10:27:00 AM
From: Patrick Slevin	Respond to of 44573

2:50 to 3:05 is a common turn time. The effect of the bond close keeps traders from offsetting stock trades in the bond market so it can get hairy then. Many people don't trade after 3:00 for this reason. If you are looking for pattern types the ones that I categorize my data in are simple. Either the market went (1) generally straight up/down from around 10, 10:30 into the last hour (2) formed a "U" or "V" pattern for the day, right-side up or upside down (3) formed a "3-point" pattern, like up, then down, then up again....a real pain in the neck to trade. Fortunately, most days fall into one of the first two patterns. If you look at Friday's pattern it is something of a "U" shape for example, pattern (2), looking at 5-minute bars.