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Sorry. For want of a better term I said MOO. I should say entry
point is previous sessions close price. I stand corrected. Thanks.
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi palsanand,
>
> Friday, October 31, 2003, 10:10:33 AM, you wrote:
>
> p> the best entry point is the MOO (previous day's close price)
>
> You have written this above several times in different messages.
I'm
> afraid I'm terribly confused by it, as it seems to equate MOO with
> the previous day's closing price -- as if they are the same thing.
I
> don't know what markets you trade, but in the markets I trade these
> are not equivalent at all; only rarely would they ever be the same
> price.
>
> Market On Open (what I believe you are using the MOO acronym for)
> does NOT, in most cases = yesterday's closing price. Not where I
> live, anyway.
>
> Best,
>
> Yuki
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