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

To: Chris who wrote (24735)	6/29/2000 3:36:00 PM
From: donald sew	Read Replies (3) \| Respond to of 42787

Chris, This is now getting funny. I just finished some calculations. Earlier in the day I got a CLASS 2 BUY signal on the SPX/OEX. However if the SPX/OEX closes around FLAT, my short-term reading will be smack in the middle. What I am noticing is from SMACK-in-the-MIDDLE, I could get CLASS SELL or CLASS BUY signals in 1-2 days. My short-term technicals are really jumping all over the place. This has NEVER happened before; therefore I am considering this extreme volitility in my short-term technical as being an anomoly. Almost all anolomolies I have seen since I have been doing TA gets resolved to the downside. I wont consider it statistically viable since each anomoly is different. In light of this ANOMOLY, I am raising my CAUTION FLAG for next week. I am still expecting some sort of a bounce which I believe already started in the NAZ/NDX/SPX/OEX.

To: Chris who wrote (24735)	6/29/2000 3:39:00 PM
From: Robert Graham	Respond to of 42787

Congestion style trading confirmed. In other words, price prone to noteworthy whipsawing and price reversals. Just when follow through looks imminent, it will reverse on the trader. Only worth playing for scalps and in the opposite direction when price is near one of its boundaries (upper or lower). A smaller test of bottom on the 5-min is being put in place right now, conincidental to a lower trendline. Interesting to note that price made a touchback of the 20 EMA on the 135-min chart and is set up for a retest of support that is related to that larger bottom it has been attempting to put in on this time frame. Also interesting to note price is followng through to the downside after a test of the 20 EMA on the 45-min chart mentioned earlier. So this tells me that the traders wanted this market to go up, but the larger money had other plans. Patterns of selling is intact. An invalidation of this larger bottom will validate this scenario. Now a touchback of that lower trend line (now resistance) mentioned previously in this post. This is coincidental to resistance at 1463.00. Market is close to a juncture right now. Perhaps this is where it will close making tomorrow even more interesting. Bob Graham