Intra-Day Patterns
                       When you are working off  of  your  intra-day  chartslooking for trades, keep it simple and utilize  several  patterns  that  areeasy to spot.  You will do  much  better  that  way  instead  of  using  thegunslinger approach where  you  buy  or  sell  a  stock  reacting  to  everyincreased bid or offer.  When you react  and  trade  emotionally,  you  willlose because of all the short-term noise.                       The Opening Reversals (OR's) and Trap Doors  are  twovery good strategies to play over-reaction on the openings due to  excessiveS&P futures action which always has a  fast  counter-trend  reaction.   OR'sare, of course, easier to see for a new trader while Trap Doors require  youto read a 3 to 5 bar reversal pattern and be  able  to  recognize  when  thestock dynamics are changing. (Review Trap Doors Week 4)
                       HWP Chart (OR)
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                       The stock gapped open 1 7/16 points to 107 7/16  fromthe prior close of 106 (BAR 1). It traded down to 106 11/16 (BAR 3)  showingstrong relative strength, as it didn’t come close  to  filling  the  openinggap. The stock quickly reversed on volume and traded back above the  openingprice. It traded to 108 1/2 on a WRB (BAR 6), consolidated  to  a  FLAG  andbroke out again at BAR 10, consolidated two bars then two  big  WRB  thruststo 111 1/2 before fading.                       The discipline of the pattern and  the  dynamics  putyou in the trade. We got lucky that the momentum front runners  took  it  sohigh. They got their lunch handed to them the next day as HWP closed down  53/4 points.                       It is important to note that this HWP  example  is  astock that gapped up, traded down, remaining above prior close and  reversedopening to the upside. Most of your OR’s will be stocks that open  below  ortrade below the prior close  then  reverse  opening  to  the  upside  (sellsreversed).