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To: ViperChick Secret Agent 006.9 who wrote (33866)	1/22/1998 4:17:00 PM
From: randy kay	Respond to of 58727

Yes Lisa, the New moon is next Wed. Jan 28th. Why do you think I bet the crown on it? But then I guess this is something a cat might not notice, but wolves do. ;-) Randy Owwooo...

To: ViperChick Secret Agent 006.9 who wrote (33866)	1/22/1998 5:56:00 PM
From: Esteban	Read Replies (2) \| Respond to of 58727

Lisa, I am studying the additional pages that look into the three basic sessions of the day more closely. It seems the first page is the one that gives more of an overall approach, and the others fine tune it and maybe give additional clues. For ease of discussion let's label the 5 basic periods. How's 1 for the first impulse (open), 1a for the reaction, 2 for the second impulse (lunch) and 2a for the reaction, and 3 for the final impulse? (close) My first question is does one lean toward time or price levels to define periods since obviously these waves are not going to begin or end right on the dot timewise very often? Looking at today's action the 2a wave ended an hour early if you go by price, and if you go by time it encompassed practically the high and low for the day (13:30 - 15:00). Also the lunch impulse wave 2 looks even weaker as it now looks like range trading. From your post: 1.strong down.. 2.strong reaction but not all the way back up... 3. weak down (hmmm is this a supportive lunch move) 4.weak up to almost the same point (weak counter move) 5.a down almost equivalent to #2...(to nemers support level more or less) (edit) and now we are dropping a bit Wouldn't you expect an upside reversal based on poor follow through of impulse 2 and complete retracement of 2 by 2a? Instead we had a strong continuation down for the final 3 impulse. But if you introduce time into the equation the 2a retracement has been compromised going lower than the 2 impulse setting up ????? This is just thinking out loud on my part, trying to make sense of today's data. Here's a way it makes sense to me: Combine price and time. When price and time are within 30 minutes go with price to define the waves. Otherwise go with time. Using this method: 1) use price: strong down 1a) use price: strong up. Since this is supposed to be a reaction, the fact that it almost retraces all of 1 makes it strong IMO. 2) Use price: weak down. Day's trend is now suspect, has two strikes against it based on 1a and 2. 2a) Use time: last price wave was less than one hour and still an hour to go for the usual beginning of next impulse. This looks like a strong and to me unexpected downward continuation movement after initially trying to reverse the day's trend. When a reaction resolves with the trend instead of against it, how do you suppose that changes the expectations for the the next impulse? I've brought up a lot more questions than answers. You've certainly piqued my interest here. Esteban