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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Morpher who wrote (7349)	5/24/1999 6:22:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 12617

Here are my thoughts on extended hours. Also questions in regard to daily charting: Seems that the best way to deal with daily chart bars when extended trading hours start is to follow index futures lead and pretty much ignore the later sessions and live with the gaps. Perhaps adding an hourly chart review in addition to dailies would be enough prep to get in there and do both position and intraday trades. I strongly suspect the exchanges are going to find this is a waste of time. Who doesn't want to get away from the market at 4pm? And day traders 1) don't have to guard positions by playing late hours and 2) won't see the liquidity they need to keep their risk down. So the only action should be on BIG news which isn't as often as most people think. I see the bulls on the NITE thread are whooping up extended hours. But isn't this going to be a drain on MMs rather than a pot of gold?. They have to provide staff and other overhead. And they're in a volume business, aren't they? Alan