[DbPhoenix]

Consider, Sledge, that price is continuous, as is volume (that is, trading activity). Therefore, there is no "close", at least until everybody goes home and turns out the lights. What we perceive as a close is merely a function of whatever bar interval (time, range, constant volume, etc) we choose to display the movement of price and is entirely irrelevant to that flow. What matters more are the ebb and flow and their character: pace, extent, range, etc.

To better see this ebb and flow, you may want to use an even smaller interval. A tick chart may look like flies circling over poop, but something like a 5-second chart will enable you to see this ebb and flow without being distracted by the OHLC. Once you become attuned to this, you'll detect the flow even in an hourly or daily or weekly chart.

Some will object, of course, that whatever goes on in these teeny tiny timeframes is "noise" and is irrelevant to the larger, more "important" moves, but this is akin to saying that ocean currents are noise and irrelevant to the larger, more important moves. It all starts somewhere, and the trader who is attuned to these seemingly insignificant changes in price movement is going to be virtually shockproof when price suddenly starts hellbent in some new direction.

Db