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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (38172)12/15/2000 2:59:14 PM
From: Robert Graham  Read Replies (1) of 42787
 
Initial intraday resistance hit. Price has moved down a bit to a kind of support. Now we shall see what kind of buying is behind this initial move up.

...now I see price attempting a test of the high of the previous bar. This is where the previous bar tested and validated the intraday resistance. This should be interesting.

...the gopher is poking its head out and looking around. Lets see if it sees its shadow. LOL Momentum should increase now. In thise market, I would not be surprised if it tested this intraday resistance as support before continuing up.

...the wide range bar closed at its high. Price starting continue its move up. Looking good so far.
Bob Graham
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