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

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To: Paul Shread who wrote (38150)12/15/2000 2:39:39 PM
From: Robert Graham  Read Replies (2) of 42787
 
Looks like an attempt at a bottom on the 10-min COMPX chart. A rounding sort of bottom. Usually a positive indication for a move up. But the double bottom it ends in is a bit wide on the charts. So if price goes up from here, I would lean more to a trading range where the lows may be eventually revisited. I am basing my observation that time and price are related on price formations. So far, the bottom appears to be holding.

Juswt a thought. :-)

Bob Graham

PS: Looks like a test of the previous bar's high. A bit premature. Needs to move with some ghusto at this point. Or we may get that retest of today's low.

PPS: OK. Here it goes. Lets see if we get a rally that continues into the close.
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