...and the Madness of Cliques (with apologies to the memory of the great Charles Mackay for the bad pun). Ordinarily I can let trading foolishness wash over me, as it is as common here as rain on a summer day in Florida. But this: http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=180 made me split open my recent hernia incision laughing. So I decided to start a thread dedicated to the extraordinary lengths some people go to to imagine order where none exists. Starting with subtracting any gap from the chart, as in the above link. Am I dead when I sleep? Do overnight events, both internal and external, have no impact on my life? Is it not better simply to accept that the overnight session tends to continue in the longer term trend direction, and to retrace significantly and semi-predictably against it overnight, and integrate that understanding into your regular session trading? How jingoistic and Ptolemaic it is in the present age to assume that overseas markets have no influence on ours, and that the world's economic events still revolve around New York!