Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Graham who wrote (24586)	6/27/2000 1:55:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Update 13:53 PM EST Looks like price is continuing up. At this point, I am suspecting a continuation, or if a move down from here, congestion trading. IMO the downside has become limited unless another opportunity avails itself. Update 14:00 PM EST Price is now testing the 20 EMA that are coincidental on both the 5-min and 7-min charts. This is where selling should reenter the picture. This is an important test to validate or invalidate what I have been seeing on the chart up to this point in time. What makes this interesting is that price is also at the 50% fib retracement point of the last leg down. Furthermore, a small bull flag has formed on the 45-min chart. Update 14:08 PM EST Stochs on the 1-min and 3-min topped out coincidental to a test of a significant resistance at 1477.75. SO price now is pulling back. I was anticipating one more pullback before price decides to continue trending upwards. Here we have it. Bob Graham