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MKT: TIME OF DAY



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The indexes have recorded a new high around 12:15 CST.  This
is often forbodes increased volatility and range expansion for
the balance of the trading day.  The rule states that if the indexes
back down and hold near these levels--look for a strong close.
Alternatively, if the indexes break lower without any consolidation--
look for a choppy to lower close.

Chas