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barjon
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mornin' bonsai
no, your long red candle is right - I keep ignoring that sscope
(and Yahoo and others) ignores any opening gap. I am told that,
officially, the index opens on its close even though it races away
after a few moments as the opeing calculations come in. Can
this be right? It can't be a software problem because they
handle gap openings in stocks without trouble.
It does make the candles wrong tho' (funny they still seem to
work not badly as I said in an earlier post). In any event the long
red (with a small tail) did not penetrate the previous candle by
much and dark cloud cover needs to penetrate more than half
way.
jon
no, your long red candle is right - I keep ignoring that sscope
(and Yahoo and others) ignores any opening gap. I am told that,
officially, the index opens on its close even though it races away
after a few moments as the opeing calculations come in. Can
this be right? It can't be a software problem because they
handle gap openings in stocks without trouble.
It does make the candles wrong tho' (funny they still seem to
work not badly as I said in an earlier post). In any event the long
red (with a small tail) did not penetrate the previous candle by
much and dark cloud cover needs to penetrate more than half
way.
jon
barjon
personally, I think sscope/yahoo etc are wrong.
but their systems can't cope with the problem.
technically, we must have a trade on everyone of the 100 to
know at what level it opened. You can get that for the dow etc
so I always allow at least 2 mins. It's arbitrary I know but seems
to be good enough.
and it works for what I use it for.
goostrey, mine are different but thanks for that.
personally, I think sscope/yahoo etc are wrong.
but their systems can't cope with the problem.
technically, we must have a trade on everyone of the 100 to
know at what level it opened. You can get that for the dow etc
so I always allow at least 2 mins. It's arbitrary I know but seems
to be good enough.
and it works for what I use it for.
goostrey, mine are different but thanks for that.
Well those Pharmaceutical Giants have suddenly started acting perky and giving a very positive bias to the FTSE100
AstraZeneca +1.4%
GlaxoSmithkline +1.6%
Just goes to prove even dogs have their days.
More seriously, are they telling you that investors are seeking more stable earners (questioning cyclical earnings) ie defensive investing.... suggesting top in market near. Just idle thoughts
AstraZeneca +1.4%
GlaxoSmithkline +1.6%
Just goes to prove even dogs have their days.
More seriously, are they telling you that investors are seeking more stable earners (questioning cyclical earnings) ie defensive investing.... suggesting top in market near. Just idle thoughts
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