July 30, '04. Prequel-golf.
Market behavior has a tendency to repeat itself in two consequetive days, one a Prequel to the next day's Sequel. Click on the graph above and you can study the the 1st Hour action on the morning of Thursday, July 29, against the same period of the following day, Friday, the 30th. By the time the day was finally over, the trend was no better established or potentially profitable on the day of the Sequel than it had been on the day of the Prequel. The similar opening pattern of the 2nd day indicated a Sequel pattern was in play. It was a strong indication that the fairways and smooth greens of your local golf course might be a better way to spend the day.