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

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To: Robert Graham who wrote (25338)	7/12/2000 10:57:10 AM
From: Robert Graham	Read Replies (1) of 42787

Looks like price between two steeply trending EMAs, the 20 EMA 1 and the 20 EMA 7 which I this is more significant. On that previous trade, price moved up and I am out at 1502.50 for a 3/4 point loss. So now price has moved up past the 20 EMA 1 to test the 20 EMA 5 which is still sloping upwards. Looks like this may take a little time to resolve in a situation like this. No actual bottom has been put in that I would trust. Price contraction now. I suspect price will move down one more time. Lets see if it respects support. Looks like price respected support and is attempting another move up. IMO this must carry through or I think there will be some additional selling. Possible entry for a short at 1502.75. Looks like this is a market operating on the 3-min time frame now. So I need to use the 3-min chart to help filer what I see on the 1-min chart. Price moving up to the 20 EMA 3. One indication that I use on picking the time frame the market isoperating in is how long it takes to resolve an upcycle and downcycle. This gives me clues also to the timing of trades for the current market. Then I switch to that respective time frame and see if it provides a clearer picture for my purposes, with price action and patterns making sense. Another indication I use is how long it takes to resolve a move up or down that was triggered from a setup. This provides a clearer picture than noting the "cycles" of price. The best indication for time frame is finding the time frame where the setups I play are showing up and resolving well (enough) in the market that is being traded. How the market trades provides allot of clue as the the time aspect of trading. Bob Graham

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