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To: jjs_ynot who wrote (41162)4/24/1998 11:01:00 AM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Dave,

The NAZ was up over 10 and now is only up 2.13. There will be more buy on the dip attempts and the likihood for the short-term is that they will fail. As the failures increase the momentum to the downside will increase, and that can actually be seen on a technical basis on a 15 minute chart, as the HIGHS & LOWS get lower.

On a subjective basis, have not figure out how to analyse it technically, - if these attempts of dip buying continue to fail one of intraday dips will be the beginning of a bigger dip.

Seeya



To: jjs_ynot who wrote (41162)4/24/1998 11:06:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 58727
 
if you follow a certain day trading pattern

you will see a pull between the bears and bulls on a 5 minute chart and often it fits within certain time frames

I have been tracking this one and off with info from a certain site...that i cant even find the link for anymore...but it was a daytrading pattern

looking at the chart the bulls had more weight than the bears

around the 10:30 time is when the bears step back in...right now they are having more pull than the bulls did earlier...

and we have gone through both of kevins break points right now(not including the first half hour which we tend to ignore)......when we went through his break point...whoosh....we went down....