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

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To: Chris who wrote (13758)8/4/1998 11:39:00 AM
From: Robert Graham  Read Replies (1) of 42787
 
It looks like the market is attempting to pull back from its decline yet another time today. This is making for an unusually volatile decline. My thinking is that one the market moves through 8750 and remains below this value, the market will gather downward momentum which should shake out the public speculator in the Internet stocks.

We are seeing higher than normal volume, and the volume pattern is different today. We are seeing uncharacteristic volume this time of day. Normally the volume would be tapering off by now.

Bob Graham
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