Analyzing daily close data has potency and insight due to some basic underlying facts.

When you look at the close value, it's just more than a monetary value.

It's a measure of all that day's activity; not just in stock buy, hold or sell.

It shows the thinking that went into those buys, holds or sells.

All the articles written that influenced that day's thought.

All the analyses that caused orders to be made or not made.

It's the total sum of all processes and procedures that made that day's value what it is.

Once done, there is no retrofitting that day's activity to fit whatever you like it to be; It's Done.

Does this mean it's the only thing we should look at, no, but it does have potency and maybe a little insight into what we might do.

Just a little thinking elixir to wash down that narcissistic intellectual investment pride you might come across in read or talk.