The placement of orders by 'discount' or 'retail' brokers during the pre- opening phase and the price reaction following open appears to be a predictable pattern.

Question

Quizplus · Accepted Answer

Studies have shown that there is a predictable pattern in the placement of orders by discount and retail brokers during the pre-opening phase, which can affect the price reaction following the market open.

The Placement of Orders by 'Discount' or 'Retail' Brokers During