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

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To: SE who wrote (10766)	6/25/1998 1:41:00 PM
From: Robert Graham	Read Replies (1) of 42787

I found out this time through Briefing.com reading their by the half hour market commentary. I wish I could say that I was looking at the TICK and TRIN when it happend. This would of confirmed a program sell. I am trying unsuccessfully to get a snapshot from quote.com charts from Briefing.com on the DJIA to see if the price action would point this direction. This is where the price is at a pivot point and then there is a long price bar moving away from the pivot point, or there is several minutes of relative inactivity in the index after some "regular" price action on a move up or down, and then the unusually long price bar that is characteristic of program trading appears. Without being confirmed by real-time monitoring of the TICK and TRIN during the program trade, this method of just looking at historical intraday price data of the DJIA index would not be a good confirmation of a program trade. I missed out on this one. I will take Briefing's word for it. Bob Graham

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