It is a pity that for whatever reason Dinos has short-circuited his own thread as the title was extremely promising. Someone mentioned cats out of bags which I absolutely understand. If I were to have added my 2cents worth to any discussion had it developed, I would have been hinting at timed specific rather than time specific momentum. Anything happening at a set time of day would not take long to be traded out of existence as it would be obvious to the dullest intellect, but the timing from a specific event, once it has definitely occurred, to another event, while not static, can be deduced from prior price and time action.