Been noticing this pattern, all these stocks that uptrend throughout the whole day and then suddenly have a big dip towards closing usually crash towards the next day. That big dip usually happens between 15-30 minutes before closing, and when that happens, I see the stock crashing the next day.
what you are seeing is profit taking IMHO - you see this alot on the big gainers - but this is not a good pattern to short into IMO - it doesnt give any indications on that its just that some take out profits before the day ends..
Wouldn't you think there would be a morning spike the next day? Or am I not thinking along the lines I should be?
@Rocco01 usually a strong finish the day before creates that - and vice versa - but its not exact science
What's IMHO ROOKIE INQUIRY
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