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

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To: Chris who wrote (27092)8/8/2000 12:57:11 PM
From: Robert Graham  Read Replies (1) of 42787
 
Bull flag on the 5-min chart. But indicators are saying "pass on this one" to me. So I will watch. Volume has been showing we still are in congestion. Last move up outside of the triangle has been met with decreasing volume. So if this flag triggers, this may make for a better short instead of a long trade.

**update** 1:05 PM EST

Price at a previous resistance. So far on this move up, traders are uncertain and quick to take some profits. Stoch briefly topped out before price pulled back. A small bear pattern has developed on the 1-min chart that price is responding to. Now a test of bottom coincidental to a test of the 20 EMA 7.

Bob Graham
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