% End of day is the most important price - by then everyone has voted.I record open price; but IBD charts never records open price. IF i had to chose one price;its the close. As far as an intra-day HI in an up--trending bull market, sure, but thats in an up--trending bull market. Some times you have to change your mind/plans; i could not cancel an order to day which i seldom do anyway, so i modified it [ a day order] but one tick below month low.LOL ;i was only about 99% sure it would not be filled + fine if it was.......................................................
%% That is better than a trend line; for short term trading. I dont do a great deal of short term trading, so a HH or LL can be useful for an intra=day entry/ exit. Nothing worse than a chart with a confusing number of trend lines.LOL..................................................................................................................