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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (36670)6/3/2002 1:08:09 PM
From: Robert Graham  Read Replies (1) of 52237
 
Looks like COMPX is going to test the low it made early in May. DJIA has already tested support. Wasn't there a Don Sew Class 1 BUY signal? When a buy signal is negated, it usually means a strong move in the opposite direction. I also see bullish sentiment is still alive, with traders attempting to catch falling knives, some traders who should know better. So it is looking like there will be a move further down.

Bob Graham

PS: I think there will be allot of traders trying to "catch the falling knife" coming up since DJIA is at support, and COMPX will be there shortly. We should have a term for this, like BWB (Balls Without Brains) LOL
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