Stock market basics

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In this paper, we introduce an improvement to a popular intraday trading strategy based on ACD rules and the pivot point system. The basic premise of the strategy is that the price range and trend established during the first few minutes of market open sets the tone for the rest of the day in the sense of making high and low price for the full day already observable, with much greater likelihood than chance.

ACD rules trading strategy was first created by Mark.

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