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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (23098)	5/11/2000 2:01:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

As an update, it looks like the market may have tipped its hand on a fakeout to the upside within the last 1/2 hour which promptly sold of at a key juncture on the 15-min chart. I am anticipating more selling at this point. The 20 EMA on the 15-min chart is the first price target for the SPOO which is at about 1408.75 right now. Bob Graham PS: Looks like price has made it to that EMA. This is also at a key intraday support. I am anticipating more selling after price bounces a bit from this key EMA and support combination. There is a chance there may be further consolidation, for price is right now within a congestion range.

To: Robert Graham who wrote (23098)	5/11/2000 2:07:00 PM
From: Riskmgmt	Read Replies (2) \| Respond to of 42787

Bob: Re:>>We shall know shortly how the rest of the day will work out. Bottom picking for position traders is best left to coffee parlor games. However, I have found bottom picking works much better for the intraday trader. :-)<< Trouble lately has the "bottom" has turned out the next day to be the top:} Could go either way into the close IMO. Nervousness over tomorrows numbers causing longs to sell and shorts to cover. As you say we will know soon. Ray