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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Robert Graham who wrote (24724)6/29/2000 2:58:00 PM
From: Robert Graham  Read Replies (1) of 42787
 
**Update** 14:55 PM EST

Looks like price has made that initial price objective and now is moving toward the actual bottom of the gap. I am anticipating a pullback shortly per Stochs on 1-min and 3-min time frames.

**Update** 15:00 PM EST

Price has made it to the bottom of the gap. I do believe even in the longer time frames this comes close to a price reversal. Price now at the 50% fib point of this intraday rally. Lets see if price continues selling off. Price is now right below a trend line of that interesting price pattern I spoke about in the previouos post. At this point I expect consolidation, or a continued move down.

**Update** 15:05 PM EST

Price is making its way to the 20 EMA on the 1-min chart (20 EMA 1). The 20 EMA 3 (20 EMA on the 3-min chart) is too far up to have any relevance right now.

Bob Graham
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