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

To: Robert Graham who wrote (24674)	6/28/2000 3:43:00 PM
From: Robert Graham	Respond to of 42787

Once again closed out form updating my post... Update 15:35 PM EST Price moved through and is continuing down. May be a piercing bottom getting ready to exit...OUT at 1480.00. Damn...too quick. Price now continues down. So I made 2 3/4 points on one and 3 3/4 points on the other. Total of 5 1/2 points on a total initial risk of 3 points. As it turns out price is attempting a small bottom on the 1-min chart 1.5 to 2 points from my exit, which also happens allot to me. But if it continues selling off, I missed out. :-( Now if I was smarter, knowing that this is a 3-min market, not the market I am seeing on the 1-min chart, I would of checked the 3-min chart before deciding to exit and worked on being more patient during a trade. I have been starting do do that, but apparently I still need some work in this area for it to become a habit. Update 15:47 PM EST As it turns out, I would of been out at 1478.50 giving me an extra 1.5 points no the last contract. The price still may continue down, but it look to be aiming for the 20 EMA on the 1-min chart which is letting it go against me too much considering the distance of original move and the time I have already allowed the trade. Perhaps tape reading is worth taking up again...I do not know. Or those tick charts that I have used in the past can substitute. Update 15:51 PM EST Looks like price is continuing to sell off. Figures! :-) Bob Graham