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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?

To: William who wrote (68)	12/19/1997 6:24:00 PM
From: BenYeung	Read Replies (1) \| Respond to of 492

We have a new viewer, good stuff!!! Let me explain what I know and what I DONT know In the morning as today, indexes were dropped in the morning heavily so specialist/MMs can clean out the sell orders. Then they proceed higher from 11am to the close to unload those inventory and sell short to investors and insiders as well. That rally gives investors alot of time to make up their minds and place orders. In the case of a last minute rally or decline, its purpose is to minimize investors buying/selling until the next day when the prices are higher/lower. I will finish it up later. Gotta go.

To: William who wrote (68)	12/20/1997 3:51:00 AM
From: BenYeung	Read Replies (1) \| Respond to of 492

Ok, lets continue my thoughts and talk about what I dont know. I usually use the intraday chart to predict the move of tomorrow. But what if the opening move is different from my prediction. Should I still hold my original market view or should I reinterpret my view using the opening bell? How can I see what will happen in the afternoon just by using the opening bell report? I am working on analyzing the market day using the opening move. Ccryder and william, give me your input. Give wild predictions if you like, but just give a statement to back it up. I dont see myself as the "host" of this thread as I am only a student of Ney. You all have access to his books and the SEC 1963 report which gives detailed info on Ney's theory. So please participate and bring in your friends.