I have done some quick numbers on what happens to the SPI (taken from IG Market's ASX200 equivalent which tracks the SPI point for point) between 4pm and 4:30pm. Here are the stats over Sept and Oct:
Total no. of trading days = 45
Total points change for XJO = -1117.6
Total points change btw 4-4:30 = +351.5
Average points change btw 4-4:30 = 7.8 points
Max / min points change btw 4-4:30 = +64 / 55.5 points
I would love to hear from experience traders their thoughts / opinion on these:
1. What can explain the large positive points change between 4 to 4:30? Esp considering how bearish the market has been in Sept and Oct.
2. Can / will you trade on these statistics?