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

To: Gersh Avery who wrote (23453)	5/24/2000 12:34:00 PM
From: Robert Graham	Respond to of 42787

No. Even in the larger (more number of ticks per bar) tick charts. But if price moved a bit more up, then it would of resolved that bottom is was attempting to put in which in the larger tick charts may look like something that can behave like a spike. But the buying interest just was not there. Tick charts are WAY cool. But I have to be careful not to place trades based on what I see in the microscope they provide me, particularly when the market is trading more slowly. I have been stung many times falling into that unproductive STUPID trap to trading. Tick charts are great supplements to normal minute based charts, and I can actually trade off of them in a higher energy market. And they prove to be valuable also in very low energy markets. Invaluable for fast and slow markets. :-) Now here we have a test of smaller bottom that coincides with a test of larger bottom. So the possibility of a rally is not over with...yet. Definitely a place to be cautious. If you got in early befoer the tesgt for new lows, I would still ahve my hand on the cover button. Bob Graham