The graph below clearly shows when the PPT cavalry make their daily appearance (e.g. today). I would say 3-3:15 pm EST is the best period to catch the ghost. It would be interesting to see the hourly gold movements, especially the daily air pocket that seems to be felt around the time of the NY market opening.

All the best - VHF

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Average Hourly Performance Of The Financial Sector

B.I.G.

March 25, 2009

Even though the S&P 500 Financial sector is down more than 50% since the start of last September, the sector has actually averaged gains during two hours of the day since then. As shown below, the 2 PM to 3 PM (ET) and 3 PM to 4 PM hours have averaged gains of 0.19% and 0.14% respectively since last September. The worst hour of the day for the Financial sector has been the prior close to 10 AM, which has averaged a decline of 0.42%.