Monday, September 28, 2009

Do we need indexes?

This is the chart I posted on Friday somewhere on Disqus



Was quite puzzled by morning action, was patiently waiting for wA to print on hourly SPX chart – it never happened.  Traded my way out of short oblivion I placed my day trading account in quite prematurely based on this SPX chart…



I have to remind to myself and to anyone silly enough to read my musings – INDEX OPENING PRICE (as well as CLOSING) is a chimera – does not exist, it is by-product of whatever they think it should be as oppose to the REAL trading instrument.