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On Mon, 2 Nov 2009, nevi wrote:
To calculate Support and Resistance levels for the 24 hour emini
contract should the dailyhigh and dailylow be calculated using
the whole 24 hours of data, or should the dailyhigh and dailylow be
calculated only during S&P open outcry hours 8:30am - 3:15pm.
It shouldn't matter, as far as I've been able to tell.
The support and resistance levels you calculate will be somewhat different
in either case, but will it make a difference in making successful trades?
Not that I've been able to determine.
-Alex
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