TRADING SESSION

Go with the flow (trade in harmony with the market trend). The first hour of the trading session is the rudder for the day that furnishes clues about that day's direction, and the last hour is the confirmation for the day. The general rule is to sell in the first hour (prices normally spike during the first half hour), and buy in the last hour (erratic swings during the day settle in a final trading range between the high and low of the first hour). Likewise, the first Friday of the month may furnish us with clues for the month's direction, and the first month of the year may set the trend for the year.