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

To: Robert Graham who wrote (24591)	6/27/2000 2:37:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Update 14:33 PM EST Now we shall see what happens. If this setup concludes as a touch of bottom followed by another good move up, I think the up side is where the plays are likely to be found. Test of bottom which can also provide for a new intraday low is at 1472.75. Right now price is attempting yet another move up. The market is in disbelief, so they are fading moves down as soon as the move stops, here on a bottoming of the Stoch on the 1-min chart. Now there is a small flag on the 1-min chart to provide for a small test of bottom at 1473.50 that can reach to that larger test of bottom. This would of been a good entry for a play on a possible new intraday low. Here a few minutes later comes another push down. The current intraday low is becoming a bit too attractive to the market and IMO starting to act as a magnet. Uupdate 14:43 PM EST Here price is now within spitting distance of today's intraday low where there likely are stops waiting. Now if price moves up from here, this will negate the move down IMO is a strong way. Otherwise, a bunch of stops will be plugged by the floor. The price now has moved up a bit to the apex of a small triangle on the 1-min chrat. Much further will IMO negate this move. The 20 EMA of the 1-min chart is right above this point. Update 14:47 PM EST Here is IMO the last chance for price to move down and plug those stops. The floor will try all that it can to make this move down profitable for them. Update 14:50 PM EST I am beginnning to think "up" at this point. Bob Graham