The pattern the last 2 trading sessions has been to sell in the morning and then buy afternoon... Well then buy at 11....
these pattens usually move forward an hour every day....
My pattern mantra is, something that works twice, probably won't work the third time.
also, after a few days of the "Day traders" making money, it usually means we get day to feed the swing traders.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, January 2, 2008
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