There are times when daytrading can be quite profitable. The increase in global volatility over the past 5-6 months has made this type of trading more attractive as intraday ranges are large enough for profit. If one could forcast (accurately) future volatility, which I don't believe we can do, it would be very helpful. The best estimate of todays volatility would be the volatility of yesterday. Something that the VIX could help with. Though it is NY based. Maybe someone should construct an Australian VIX. But our options market is probably not broad and/or liquid enough for the tas