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

To: Robert Graham who wrote (24796)	6/30/2000 1:44:01 PM
From: Robert Graham	Respond to of 42787

I took a short at a test of a larger top. Price is VERRY SLLOW. So I exited with a one point profit just to see price continue down for a possible two point profit. I see time in the market as a risk exposure which I am looking to be rewarded for in what I consider a "reasonable" time. Me and very slow markets do not work out due to this thinking of mine. Price is working itself past the significant 20 EMA 7. Also the price move down is setting up a larger top on the 15-min chart. If this fails, I think the market may go up from here. Meanwhile, TRIN has been moving up and is at 1.0 now. So IMO the market is at a juncture. Update Looks like the 20 EMA 1 gave price a bump down. If no follow through here, I think price will end up pulling back. I am looking for an entry for another continuation move down. Perhaps a pullback here would provide me with this opportunity. Bob Graham PS: I'll be damned! I can post now! :-)