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

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To: Gersh Avery who wrote (28052)8/21/2000 11:31:51 AM
From: Robert Graham  Read Replies (1) of 42787
 
Interesting thought. But this assumes that traders will go out to lunch instead of following a move that they think is in progress. However, I think what you say is probably true a good part of the time. I think a look at volume going into the lunch session can provide a clue.

It now looks like price has moved a bit lower to test the 20 EMA 3 as support and has put in another up bar showing the test was valid. Market at another juncture now. Looks like it is trying to confuse the most people before picking a direction. So far I am thinking that there is a possibility of a continued move up.

Price congesting right now on the 1-min chart within the existing trading range. So I will be looking for price contraction.

11:38 AM EST

Needs to move up shortly from here, or I will be anticipating a move down instead.

Bob Graham
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