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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Robert Graham who wrote (39344)8/30/2002 2:39:09 PM
From: Robert Graham  Read Replies (1) of 52237
 
A "Z" style pattern on the intraday chart. Price usually moves with ghusto from this type of pattern, and usually its a continuation move, in this case, up. The boundaries are at about 1338 to a little below 1334 for this congestion trading pattern.

Update 2:46 PM

Here is our first whipsaw. Price with intraday gap down past 1334. I think price may continue down from here. Possible resistances are 1328 and just below 1324, the low of the trading day. Price moving with ghusto.

Bob Graham
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