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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: donald sew who wrote (30974)10/21/1999 5:01:00 PM
From: Dave Shares  Read Replies (2) of 99985
 
Don,

Excuse me for butting in, but is it really appropriate to use the SPX open on quote.com as 1289.43 (which is what I am assuming you are doing) for the candle for the SPX which was the posted high, when this did not reflect most of the issues having opened at that time.

I think if one were to take the actual opening prices of the SPX components with proper weighting, the open would be closer to 1275, which would yield a somewhat different pattern.

If I am off base here, let me know.

Best wishes always,

David

Edit: I just saw OX's post, I'm glad I'm not the only one who questioned this.
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