V.9:3 (109-109): Time Of Daily High And Low by Arthur A. Merrill, C.M.T.

V.9:3 (109-109): Time Of Daily High And Low by Arthur A. Merrill, C.M.T.
Item# \V09\C03\TIMEOFD.PDF
Availability: In Stock

Product Description

Time Of Daily High And Low by Arthur A. Merill, C.M.T.

Does the time of the high for the day and the time of the low give a clue to the performance of the market on the next day?

For example, suppose that the Dow Jones Industrial Average (DJIA) high point was at the opening and the low at noon, followed by a rally in the afternoon. What are the prospects for the next day?

The answer can be found by consulting the record of market highs and lows. For classification, the hours of the day could be represented by a digit. (See Figure 1.)

Using a two-digit classification, the first digit could locate the high for the day and the second digit the low. For example, on a day with pattern type 26, the high was at 11 a.m. and the low was at 3 p.m.

The computer was asked to compare the record of high and low patterns to the daily DJIA. My hourly data bank begins with 1971, so 19 years were reviewed. The results are in Figure 2.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order