In this video I show you how to create Flash Walk Cycles. You can also use these techniques to create run, stumble, double bounce and jump cycles.
You basically draw each individual part of the character, the major movements and then apply the bone tool. Through the use of the bone tool you define all of the major movements and then let Flash fill in the rest of the walk cycle.
All of the pictures and everything else I use in this video are available here Flash Walk Cycle Files. You can use them however you would like for free.