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Old 05-17-2008, 08:26 PM
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Re: Ask Any Wyckoff-Related Question

Concerning the charts at the end of the PDF “Determining the trend of the Market”.

These price bars has the “close” only, no “open” hash mark. For some reason W felt the open was not an important piece of information, or at least not important enough to record it.

So I'm thinking to myself, Why wasn't the “open” price important?
It might be that, at the time there was not the gamesmanship of gaping the opening price outside the previous days range, resulting in triggering the EOD orders at an unfavorable price. Or,

Maybe, a open price, had no importance to the overall story the market is telling?

Anyway, I know the “opening” price is significant to a modern day traders plan of action, Maybe the “open” is not so important to EOD traders?

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