by50
I was of the understanding that the opening price action is a reflection of mum + dad traders (i.e. mums + dads are buying or selling based on what they saw on the ABC news the night before) and the closing action is a reflection of the big boys intention. If this is the case then would it be better to mark the close of the closing bar every third day?
or
Is it just marking a reference point on your chart (i.e. a basic trend line)
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |