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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: donald sew who wrote (28703)8/30/2000 9:32:32 AM
From: Robert Graham  Read Replies (4) of 42787
 
The futures started to sell off from a small bear flag on the 3-min chart. The Stoch on the 3-min and 7-min time frames bottomed out. Price responded and is now rebounding. Price has now reached the 50% fib level of that move down from the bear flag which is coincidental to the 20 EMA on the 1-min chart.

9:35 AM

Market opened when price began to congest just below that 50% fib retracement point.

Bob Graham
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