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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (23098)5/11/2000 2:01:00 PM
From: Robert Graham  Read Replies (1) of 42787
 
As an update, it looks like the market may have tipped its hand on a fakeout to the upside within the last 1/2 hour which promptly sold of at a key juncture on the 15-min chart. I am anticipating more selling at this point. The 20 EMA on the 15-min chart is the first price target for the SPOO which is at about 1408.75 right now.

Bob Graham

PS: Looks like price has made it to that EMA. This is also at a key intraday support. I am anticipating more selling after price bounces a bit from this key EMA and support combination. There is a chance there may be further consolidation, for price is right now within a congestion range.
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