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Re: What To Expect On Mondays...
If it (that pattern) was only more predictable !
My take is that Monday openings behave just like any other news event...if you've ever traded prop, you'll really see what happens after a stock first opens after being halted. It's pretty incredible to witness:
Theres a lurch in one direction, then a big move in the opposite direction....and this action continues until the amplitude of the swings become smaller and smaller....and finally the market settles down to an equilibrium point where supply and demand are now equal. The chart will look like a SINE wave or something similar. Make sense ?
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