"When analyzing potential trading opportunities and trend, should I be analyzing the index (i.e. MSCI Emerging Market Index) or the actual ETF that I will be trading (i.e. EEM) or maybe both?

"I've noticed the securities gap up and down and more volatile, while the indices are much are stable."

David Fuller's view Fullermoney would suggest that you look at both, not least to see if the actual ETF is both sufficiently liquid and also tracking the index in question without too much slippage.

I know that Eoin is looking forward to meeting you at The Chart Seminar in NYC, in April 2012.