[Jimbo]

[ QUOTE ]
half hour before the close the market tends to pick a direction and go with it.

[/ QUOTE ]

I didn't read any book about this but have found it to be reasonably accurate barring any drastic unforseen news. I also use this to exit some positions and add to others. I trade individual stocks of which most of them either track closely with the DOW or NASDAQ. I also like to see increased volume during this period which only increases my confidence in the indicator.


Jimbo