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The MEJT System: A New Tool for Day Trading the S 500 Index by Jeffrey Tennant

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2. Trading the Am MEJT Sequence

Most of us have a daily schedule. So does the market.

Seasoned day traders of the S&P 500 know they have to be on their toes when the market opens; often it is a time of marked volatility which can extend for an hour or more. It may be the time a day-long trend begins. On other occasions, after the first hour, volatility tends to slow down. The lunch hour is usually not the time one looks for a big move to take place. The early afternoon has a reputation of dilly-dallying around unpredictably. Then the last hour of trading arrives and traders seeking action often have another shot.

What day traders may not know is that there are specific times during the day which act as harbingers for future price action on ...

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