Stock Attack II - A Complete Analysis Message Board

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

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To: Robert Graham who wrote (17488)	8/31/2001 3:29:18 PM
From: Robert Graham	Read Replies (1) of 52237

If this current attempt at a move up fails, the second target that I mentioned earlier would be worth watching for, SPOO at about 1127. Price has moved up to resistance. Actually I would say it "consolidated" up to resistance which is a sign of more selling to come. So far price has respected the second trend line that I mentioned earlier. One minute SPOO chart looks like a rounded bottom. But I do not know how valid this time frame is in this market. Market now 15:39 EST at a critical point. Price at apext of a triangle on the 15-min chart, with the market in the last half an hour of trading. Price put in a good piercing test of its 20 EMA on the 15-min chart. Shortly we shall see. Bob Graham

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