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

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To: Gersh Avery who wrote (28733)8/30/2000 11:56:13 AM
From: Robert Graham  Read Replies (1) of 42787
 
Well, price on the SPOO is attempting to move outside of its congestion trading range with the 3-min and 1-min Stochs topping out at the same time. I am seeing a possible push down by the TICK and the ND Futures, but nothing definite here. So here is the second time price can move down. If it does not, then I will be anticipating a continued move up. TRIN is at a point where it can move up from here too from a test of its 20 EMA on the 5-min chart.

12:00 PM

So far ND Futures has responded to some degree. TICK is moving down, but not in the stronger push I had expected. TRIN ha attempted to move up but with no success so far. And the SPOO itself is now back in the middle of its trading range.

12:02 PM

Perhaps one more push by TICK. SPOO is closing in on its intraday low.

12:05 PM

The second push by TICK appears to be coming up. TRIN has not validated this move yet.

Bob Graham
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