Stock Attack -- A Complete Analysis Message Board

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

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To: Chris who wrote (25336)	7/12/2000 10:40:09 AM
From: Robert Graham	Read Replies (1) of 42787

Selling interest still here. On 1-min SPOO chart, put in a top. In this case, price did not come close for a test of top. It just peeled off to quickly sell lower. This to me indicates the current bias. Price past its 50% fib retracement point and now at its 61.8% point. Now we have a pullback, possibly to resistance at 1505.75 for a continuation. Nope...price fell again before getting to that price objective on the pullback. Making good headway down. Now at first price objective at 1501.50 which is today's lows. IMO all price did was extend the opening range. This next move can be worth noting. Looks like bounced form the 20 EMA 7. Looking for an entry at 1501.75 which I am in just now with initial stop loss at 1503.00. Bob Graham

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