11.30 rule, page-3

Hi Kosta.....

Its just a rule i have often used when trading in the speccy markets.....or any for that matter.

the jist behind it...

nervous sellers often sell at close the day before

then the anxious buyers buy on open and push the price up for no real reason to the new sellers.

This is ofetn again met by some force and by the time the morning has passed the SP is at or below the opening price.

The stockbrokers often have a morning meeting.

Sometimes 9-10 or 10-11am

they are told what to sell in the meetings and do so accordingly which also adds to the selldown by 11-11:30

lastly good anns generally come out after 11:o0 when the selldown has finished.


Now none of this is an exact science but over the years the amount of times ive been able to get in cheaper after 11;30 is staggering.

Also then leads to a higher price mid afternoon followed by sells at close....and the circle continues.

So i have used the 11:30 rule for yonks.....and still use it to this day.....i guess we all have our own little ways of doing things.....

cheers