Stock Attack -- A Complete Analysis Message Board

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

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To: Electric who wrote (20316)	4/9/1999 3:34:00 PM
From: Robert Graham	Read Replies (1) of 42787

Looks like a program trade kicked in sending the DJIA to intraday resistance where it kept moving up from. The SPY price and volume action is validating this move. I first saw the action in select stocks as secondary issues on the NASDAQ. I then see an attempt to follow by some of the more primary issues of NASDAQ. But I am not impressed with what I see here so far. The SPY made a new high. But both the DJIA and NASDAQ pulled back from their 52-week high. I would not be surprised if MOC orders push one or both indices to new highs. Bob Graham

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