Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chris who wrote (25312)	7/11/2000 3:10:53 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Looks like a touchback of the 20 EMA 1. Now price is selling off some more as those traders at that EMA sell. Talk about whipsawing here! Interesting...the VIX looks to be putting in a bottom. Still needs to move up more to show a bottom. A test of bottom has been put in on the SPOO. Price is responding with buying interest. I think this market is in disbelief and fighting moves down at every opportunity. All this is likely to do is stall the inevitable. Meanwhile, price will not move enough for them to take a profit given the risk they took on the trade. Surely not the way to make money. The result of those ahole idiotic moves on their part is a choppy market. The damn 1-min chart is starting to look like a yo-yo. LOL A look at the 3-min chart shows a possible bottom in the works. Must be careful here if one is not already in a short position earlier at or before the "top" of this possible bottom formation. update** Looks like one more push down. Price must follow through at this point. Now the floor has a possible double bagger to hit. Stops at the previous swing point on the 7-min chart, and stops at today's low. Now technically, there has been a test of the larger bottom. So price is free to move up from here if that is what is going to happen. I suspect one more push down at least. Bob Graham