it is a question in relation with the usa stock market for daytrading (buy and sell in the same day)
2006-10-07 09:33:57 · 3 answers · asked by decaracas 3 in Business & Finance ➔ Investing
Just watch the volume. In the middle of the day, it's usually pretty dead; no movement.
The open is kinda dangerous, but about 9:45-10:00 am EST is usually the first reversal in direction, or confirmation that the trend will continue. This trend lasts for the next hour or so, or into the lunch hour.
Between 1:30 - 2:00 pm is the next volume trading session.
Just look for the big moves on the charts.
Mostly because of the open resting orders from overnight, they say the Open of the market is controlled by emotion and novices. The close is controlled by Professionals. So the trend here is more dependable.
2006-10-07 09:44:32 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
From 1 to 2 hours after market open. That gives the market some time to settle down from new information which may induce perturbations.
HTH
2006-10-07 09:43:32 · answer #2 · answered by spongeworthy_us 6 · 0⤊ 0⤋
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2006-10-07 18:38:49 · answer #3 · answered by stock.trade 1 · 0⤊ 0⤋