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

To: Chris who wrote (25303)	7/11/2000 2:31:20 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Yes, looks like it. The bear flag did not set up. So I am thinking that other pattern is in operation right now. But there still will be at least one more attempt at a move down coming up within the next couple minutes. The problem is I do not know a good way in taking this rather unusual pattern that I see from time to time. By the time I know what it is, price has already moved a good distance including having already partially resolved the pattern. I think I must look more closely to price action to give the clue. But if there is no pullback for entry, then I cannot take the trade. Right now price has tested the 20 EMA 7. If there will be a pullback, this should be it. Support at 1494.50. I need my tick charts for this. update Well, I suspected another push up after it put in the two swings and then hung there for several moments. But without tick charts, I cannot define an entry. A guess for entry would of been 1494.75. That is if price set up well enough which I cannot tell on this 1-min chart. update The predictable whipsaw taking price to 1493.75. Now testing the 20 EMA on the 1-min chart. If price does not follow through this time, IMO it will continue moving down. right now I see price contraction. update Now price is moving up once again. Lets see if there is any follow through. Initial price target of 1496. Now making one last attempt at a push down. If I had took that trade, my stop loss would be at 1493.75. Bob Graham