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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HighTech who wrote (6970)2/24/1999 12:55:00 PM
From: StockOperator  Read Replies (1) | Respond to of 99985
 
HiTech,

What make's Friday close so important? What about the week ending Monday or Wednesday? Just curious.

Its very similar to seeing a 50 point gain at 11:00am and being excited about a up day. Only to see the market close down 30 pts at the end of the day. Where prices trade on Wednesday, might have little bearing on where they ultimately close on Friday. The close on Friday gives meaning to the whole week's worth of trading and says much about which way prices are trending.

SO