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Trading late-day breakouts
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AT-February 2009-3
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This intraday strategy waits for the market to hit a new high or new low in the afternoon and follows the trend until the close.
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Detailed Description
The current volatile markets seem to defy logic at times, reversing on a dime and surging two or three percent within a couple of minutes. Such unpredictable markets are difficult to trade. But one pattern stood out this fall: U.S. stocks often made large moves or reversed direction in the late afternoon.
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