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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Michael Watkins who wrote (44194)3/14/2001 12:33:25 PM
From: Patrick Slevin  Read Replies (2) of 44573
 
Unfortunately, I had my sell point and now that the market is 16 points lower I've become a bit out of the zone.

Too bad, I had plenty of sleep and was right on top. Was Long into 1200, then got out and although a bit late.....playing the back of the sheet somewhat as they say in cards......I had the Short knocked.

To get taken out, and with a loss, in such a manner is not good for the head.
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One way to convince yourself of the issue with the SPX if you still have reservations is to look at a one minute chart. As the stocks open the ticks should gap further and further away. Looking at a 30 minute, 15 minute, or even 5 minute (sometimes) it does not become as obvious.

But essentially, the datafeeds have to provide "something" (unless it's from QCharts) and so what you see is the "last" from the day prior until you have action on the floor.

9:30 Eastern means nothing to Nasdaq though.
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