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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (1200)	6/21/1999 5:32:00 PM
From: Teresa Lo	Respond to of 18137

Today there were two examples of multiple time frames in action on the 5 minute S&P chart. During a bounce in the morning sell off, sellers from both 5 and 15 minute time frames (at the 20 period EMA of both time frames) showed up in the 1355 area to sell the market down. On the way back up, there was a pullback into the 20 period EMA from the 5 and 15 minute times frames which set up a nice trade to the long side. Chart has been posted to intelligentspeculator.com along with audio commentary.