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

To: Chris who wrote (25124)	7/10/2000 3:21:27 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Market at another juncture. On a test of larger top, a smaller top was put in. Price action is pointing down. Price is now testing the 20 EMA 15, an important EMA in this market. The 45-min chart shows what appears to be a type of wolf wave that can resolve down to the 20 EMA 45 currently at 1493. Now many good setups to take. And the better ones are prone to significant whipsawing. Much is being defined by price action in this market, at least in the lower time frames. Right now price has met the 20 EMA 45. Now the question is that will price selel past the 20 EMA 45? Allot of institutional money apears to operate in this time frame. Bob Graham