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Non-Tech : Quote.com QCharts -- Ignore unavailable to you. Want to Upgrade?

To: jebj who wrote (4465)	11/21/1999 11:54:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 17977

I am a hell of a lot more serious than Jonnie come latelys. I have positioned traded for last 31+ years and have been full time for last 5 years. I have been daytrading for past 1 1/2 years, nearly totally. Trading pays my bills. I am sure we don't trade alike at all. I don't care what Qcharts changes for others as long as I am not stuck with no choice as to my using it.

To: jebj who wrote (4465)	11/22/1999 8:20:00 AM
From: TraderAlan	Read Replies (2) \| Respond to of 17977

jb, <Then I must assume you are not a serious daytrader as the pre-market gaps are the most important information you will have all day> WRONG! Alan

To: jebj who wrote (4465)	11/23/1999 9:35:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 17977

An opening gap is important information, along with Globex high and lows and even large swing points that occurred during night trading. Also this information is useful beyond the initial hour of trading in some markets. But I think what Richard is saying is that trading during the night time is basically illiquid. I think that says all that needs to be said. I will say that I have found for instance with the SPOOs that liquidity dramatically increases a couple hours before the open. This information is worth looking at, particularly if something like a top has been put in which leads to selling of significance. I trade what shows up on the chart which frequently goes against what is "apparent" or "common knowledge" before the open. So I do not see the opening gap as "the most important information you will have all day.". But it is a worthwhile piece of information that needs to be noted through the day when the market has not closed the gap. An open gap also provides a form of S&R besides also being at times like magnet for price, as Globex and day time H/Ls can be. This is also true for other gaps near to the current price that have not been filled. Also gaps are important in helping to determine the strength of the underlying buying or selling interest in the market. In this way, I take it as a market event and see how the market responds to this "news". Bob Graham