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

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To: Paul Shread who wrote (28561)8/28/2000 12:36:27 PM
From: Robert Graham  Read Replies (1) of 42787
 
Selling has not let up. When it pauses, buying comes in to lift the price. Then selling reasserts itself. But I will not think "down" until price confirms by moving past its congestion trading range.

12:39 PM

Now buying is picking up a bit more consistently. All this means is there may be another attempt at the upper boundary of this trading range coming up. As long as selling can reassert itself, it can turn into another fakeout.

12:46 PM

Nope. Selling has reasserted itself when the buying let up. No commitment on either side except a preponderance of selling.

12:49 PM

Here we go for a test of support.

Bob Graham
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