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To: ViperChick Secret Agent 006.9 who wrote (49108)	8/3/1998 3:04:00 PM
From: donald sew	Read Replies (5) \| Respond to of 58727

Lisa, I had to leave for a while, so I could not post it. MOMO changed back to the positive bias around 2:30. Seeya

To: ViperChick Secret Agent 006.9 who wrote (49108)	8/3/1998 3:09:00 PM
From: David Weis	Read Replies (1) \| Respond to of 58727

my darling, Scarlett --- I did tell you that BETTER pictures were coming.......now what pic are you referring to? There have been a bunch of them posted thus far......so, if you send me a link in a PM, then I'll tell you who I am. sheeeesh!!! just look at my profile!!! THERE I am.....

To: ViperChick Secret Agent 006.9 who wrote (49108)	8/3/1998 4:46:00 PM
From: TraderAlan	Respond to of 58727

Lisa, We sure got the swings close to the expected times. I'm only using a Compx 5 min (which is the only exchange I'm trading currently): selloff opening to 10:35a (impulse) rally to 11:55a (counter) sell to 1:10p (impulse) rally to 3p (counter) sell to close (impulse) The market looks to correct and test whatever came last. This is complicated by the relative strength of the bull and bear moves. These thrusts set up the "chemistry" for what follows and whether or not a big intraday reversal is likely. On trend days (real ones maybe 3-4 days trading/month), one side so outpowers the other that the counters are very small compared to impulses. On choppy days, the cycles go bust and the movement is chaotic. I don't claim to have a handle on all the possible outcomes but the battle expresses itself very nicely on support and resistance in 5min charts so there is a visual sense of which side to get on at any given point. Also I keep my signposts: -is there a 9:39a (3rd bar) reversal, if so how strong? -does a move follow through or reverse at 10:20a? -does a trend reemerge at about 10:50a if things were sloppy since 10:30a? -what message do the pros send just before they go to lunch at 11:45a? -does the trend continue through noon hour (if so, go with it big time <g>)? -If the post lunch trend doesn't show, does a counter move start about 1:20p? -2:30p sell or no 2:30p sell? -does any trend popping as bonds close stop and go into 3:30p reverse program buying/selling? These usually tell me most of what I need to know in between and to find whether the day is in synch with the time cycles. Alan