Two important things I have learned that I have never read or been told about:
One - if a stock makes a big move up or down at 8:00 AM, it should have some type of similar move at 9:30. If not, it is a high probability of going the other way. Case in point - see CEGE below. I have seen this work many times.
Two - watch how a stock trades before 7:30 (the early bird hardcore traders), at 7:30 (Fido starts trading), at 8:00 (Schwab, Scottrade and other general public brokers), at 9:15 (Fido shuts down it premarket), at 9:25, 9:28 (watch how the market makers setup) and 9:30 (when the on the open trading public get their orders executed), this will give you clues on who is trading the stock and sometimes you can take advantage of it.
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