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In almost any cycle study a pattern shows up. When you use 10:00 AM, which
time zone are you in? If you are still trading at 2 PM it certainly isn't
the west coast. By breaking down the daily bars one can locate certain times
of the day when markets tend to reverse their direction. If you get down to
the 5 min. 3 min. and 1 min. time frames you are able to get down to the 1
1/2 hour cycles, etc. There used to be patterns that occurred when it was
lunch time in NY and Chicago, but they only held up for a little while. One
has to take the time to not only find the cycle but to analyze it and
understand that it will not remain constant and for a while they could become
self fulfilling. I have not been able to find a timing system that will
stand alone as a trading vehicle. If anyone has, I would be interested. Ira.
PS. Does the sky have a color or is it just a reflection of something else?
Just like some on this list, who act as mirrors of drivel and bad taste.
John Cappello wrote:
> Certain authors have written about the subject. The one I have been
> casually following is an observation that the S&P market starts to
> establish two major moves , one at 10 AM and another at 2 PM.
>
> I have just been observing the 10 AM move by logging in the cash
> value at 10 AM and again at 10:15 AM. In 4 of the five days followed
> the direction up or down movement was sustained to at least until
> 11:15 for what appeared to be a profit.
>
> Has anyone tried to build a system around anything close to this
> concept.?
>
> Ben made a beautiful post on calls with charts and all...no comments
> from the peanut gallery likely because they did not understand it.
>
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