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

To: Robert Graham who wrote (25106)	7/10/2000 11:37:48 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Looks like one more attempt at a push up. If this fails, I expect a further move down. I will be ready for a possible small top here. Currently price is testing the larger trendline of that triangle I spoke of earlier. Maybe it can get a double bagger whipsawing trendline traders out of their position from TWO trendlines before putting in a longer move down. Must look for possible diabolical moves when trading the SPOOs. :-) Price now attempting one more move up after putting in some consolidation on the 1-min chart and then testing the 20 EMA 1. Now putting in a large test of top which coicides with a revious swing pioint where a smaller test of top was put in. Well, that larger test of bottom I was anticipating was not put in. But price has broken out of the upper trendline of that triangle. Price is now responding to its Stochs on the 1-min adn 3-min time frames and pulling back to some form of support, currently a previous minor swing point on the 1-min chart. If price consolidates and contracts at this point until the 20 EMA 1 catches up, then I would anticipate at least one more attempt at a move up. But right now price is at the 20 EMA 15, an important EMA in this market, and looks to be meeting with some selling there. Now we have that one moer attempt at a move up for a small test of top. I think the market is at a juncture right now. Bob Graham