Stock Attack -- A Complete Analysis Message Board

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

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To: Paul Shread who wrote (28544)	8/28/2000 11:14:29 AM
From: Robert Graham	Read Replies (2) of 42787

A small top is a definite possibility here. 11:16 AM The way price was walking up to the intraday high, I am not so sure. Now I see price making a good thrusting move up. Boy, this time in the market is tricky. No, I was not prepared for this push up until it was too late. Entry at 1528.75 with initial stop at 1528.00. This needs to move now or I am out. Nope, but I am prepared to reenter the buy stop shortly. As price pulls back, it is whowing a loss of momentum so far. I need to get up close to price in order to make a re-entry work here. Perhaps 1528.25. 11:24 AM OK. Buy stop at 1527.75 with initial stop loss to be placed at 1527.00. 11:26 AM Looks like I am in this PAPER trade. Initial stop loss at 1526.75 for a $50 initial risk. 11:27 AM Now stop loss where I would like it, at 1527.00. We may see a top here, so I have to play this carefully. 11:29 AM Stop loss now at 1527.25. Getting ready to eject the trade. 11:30 AM Out at 1527.25. Lost $25. We may be in for a bigger pullback, or further congestion. In the latter case, need a more siginificant entry signal for me to take the trade. Bob Graham

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