Friday ‘Check Ups’
Be sure to check markets before the
close on Friday. Often the situation is clearer at the end of the week. In such
cases, a better entry or exit can usually be obtained on Friday near the close
than on the following Monday opening. This rule is particularly important if you
are holding a significant position.
–Jack Schwager, from Schwager
on Futures: Technical Analysis (1996, John Wiley & Sons, New York).