StockFetcher Forums · General Discussion · So, it would seem the best buy in times for a bullish stock are...<< >>Post Follow-up
Venice
76 posts
msg #89322
Ignore Venice
modified
3/9/2010 2:53:23 PM

open, 10:30, and 2:30. Has anyone else noticed a similar trend? I know from open till whenever is pretty much anyones game, but what is going on with the near consistent 10:30 reversal upwards and the 2:30 reversal upwards?

Sometimes the 2:30 makes a lower low then the 10:30, other times not. The 2:30 time has always been another good buy in time for me though.

Or is this just something I'm witnessing as part of the current environment?

Kevin_in_GA
4,544 posts
msg #89324
Ignore Kevin_in_GA
3/9/2010 3:39:06 PM

There is a lot of day trading that goes on in the first hour, along with fresh money being dumped into or pulled out of the markets. Around 10 AM things settle down, and usually there is a reversal or stall depending on any key economic news.

You can usually fade the direction the market has taken from open until that time profitably. Probably easier to fade the 10 AM reversal than trying to fade the open, although not being well versed in that style of trading I may be off base on that assumption.

miketranz
716 posts
msg #89327
Ignore miketranz
3/9/2010 6:06:47 PM

If you see a consistent pattern,take a position,get an education.....

StockFetcher Forums · General Discussion · So, it would seem the best buy in times for a bullish stock are...<< >>Post Follow-up

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