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To: bob wallace who wrote (9574)	11/12/1997 9:22:00 AM
From: Patrick Slevin	Respond to of 17305

On a rally this morning or at the open Thursday, is what I should have said. Although I look at all the usual stuff...and although I look at techniques like ADX for confirmations of trends...I look at markets using an arcane form of pattern-following I learned in February. Pretty neat stuff, it made me a lot of $$ as soon as I started to apply it. I can only say it's similar but not the same as Wilder/Sloman's "Delta Phenomenon" which I used for a short time in the early 1980's. Basically, it's excellant for short-term intra-day trades so it's difficult to apply even just a couple of days out, like in this instance. But once in awhile the data appears very compelling and that's the way I trade it. AV asked a short while back when he should take an OEX trade, so I thought I would suggest today or Thursday as a high-probability trade. Nothing is guaranteed, of course.