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

To: Robert Graham who wrote (25116)	7/10/2000 1:57:52 PM
From: Robert Graham	Respond to of 42787

So the use of two contract allowed me to be available for a follow through at a key point, yesterday's high that has been followed by a trend up to this point. Worth the additional risk IMO. Now it looks like there will be an extended pullback/congestion, so perhaps I will have another opportunity soon. Price is making one more attempt at new highs to take out the resting stops. It gave a marginal setup to take which I decided against because of the way price has been behaving. Price testing 20 EMA 3 right now. If a setup shows up in the 3-min time frame, I may take it. But price has not been behaving well for an upside breakout. On the 1-min chart, price has been in an extened congestion trading range. I cannot see where this will provide me an entry. Price contraction now. A move coming up shortly. Perhaps an entry at 1502 now that price is appearing to pull back to support. Nope, looks like a reversal in progress. This is an unusual reversal. But price action has been hinting at this possibility. Bob Graham