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

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To: Robert Graham who wrote (25207)	7/11/2000 10:51:56 AM
From: Robert Graham	Read Replies (1) of 42787

Looking at the 3-min chart, this can turn into a possible bull flag. Definitely not the tranditional flag that many trade. The key here is that price is not selling off so far. Need price contraction at this point. update Price contraction in effect. IMO a good entry would be 1504.25 for those who would want to play a continuation move. :-) update Interesting. Extended congestion. This sets up the possibility of some whipsawing moves before final resolution. Perhaps to shake the longs out. If initial move is up from this extended price congestion, I would be very careful in managing the trade. For I would be anticipating a pullback after the initial move up that just may turn into a continued move down. update A touch of the 20 EMA 1 from below usually means a continued move down. So it looks like price may pull back further. update Note how the pullback is happening. Increases the chance of at least one more push upwards. Bob Graham

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