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OBE

03/22/24 10:16 AM

#59026 RE: Starlost #58698

I've-always quantified my style as hair-brained and seat-of-the-pants
and merely my own "observations" proffered in the interest of conversation
as we sit in front of our computers waiting for something to happen.

But, I suspect, that they are not without substance. Look at the chart for the five days leading up to yesterday.
The 2nd 15-minute candle seems to predict the closing price but, as with tech applied (even) to Small and Medium Cap stocks, it's not fool-proof.

And look at the closing pps of 0062 (yesterday) a mere FOUR TICKS above the EOD predicted by the 2nd 15-minute candle.
And I also predicted (in that post you complain about) the 2nd correction of the day, just after noon, which took the pps to the HOD of 0075.

This is a phenomenon (the mid day correction) I've detected, over 20 years.
Let's say there's a catalyst that occurs overnight and you want to jump on a ticker at-the-open but you're afraid that pre-market advantage will have already grabbed all the profits. I've noticed that the main effect on the stock will hit several hours later than the open. It's almost as if the West Coast wakes up and begins their trading day three hours later than we on the East Coast.
I say "almost as if" because we all know that the market opens at 9:30 Eastern Time and whatever time it is, elsewhere, is simply adjusted to coincide with 9:30 Eastern Time. But it just "seems like that's the explanation" to me.