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


To: Robert Graham who wrote (25220)7/11/2000 11:24:54 AM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
I am looking for price contraction relative to the last couple swings. Price is pushing up a bit which comes as no surprise for the "pause" style of bars that were being put in on its move down.

The 3-min chart shows a possible triangle. I am going by candlestick bodies for trend line placement. I find the tails can be ignored much of the time except for particular situations.

Important note here: price is exiting this triangle to the down side first. I am anticipating a move up to follow this.

**update**

A touch of the 20 EMA 5 has been put in. I think shortly we shall see if that push up is coming. A possible entry at 1503.25.

**update**

Further price contraction. A move is coming up shortly. The "up" side is beginning to not look good. Last chance of a move up has arrived on a test of a small botom on the 3-min chart. New tentative entry at 1502.75.

Bob Graham