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

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To: Chris who wrote (25185)7/11/2000 10:32:35 AM
From: Robert Graham  Read Replies (1) of 42787
 
First attempt at a breakout from yesterday's marginal new high on the SPOO has failed. But IMO this it to be expected. I am looking at the 1-min chart that is putting in a type of bull flag pattern. So a move up should be attempted shortly.

Just as I spoke, price moved up now to put in a new high. :-) Now it is just hanging there, which is not uncommon. Breakout players will beging to pray shortly. LOL But the smart player entered *early*, like at 1503.50. So that position would be one point in the good so far, if one were playing this breakout on the 1-min chart.

Bob Graham
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