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

To: Robert Graham who wrote (25316)	7/11/2000 3:28:27 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

The floor has had their two bagger. Now that they have been filled on that last push down, lets see what price does from here. I think the last 15 minutes of the trading day should be interesting. Right now, there should be a move up from here. That is because there is a trendline to break. update Yep, the trendline break happened on signal. Just visualize your average Joe trader ready with their rulers to draw any trendline that they can see. The more obvious it is, and the more time it takes to develop, the more traders will draw that trend line. The floor LOVES to whipsaw them out of their trade if they can. update Looks like a bottom is being attempted now in the 5-min time frame. The low put in on Tuesday has not been reached. But this is a bottom on a significant time frame. So it needs to be watched. Note how themarket rallied and now has revisited the Globex trading range by testing the Globex low put in during night trading. Price now testing the 20 EMA 7, 20 EMA 5, and 20 EMA 3. If there are sellers, they should definitely show up here, coming from all three time frames. Interesting to note that price tested the 20 EMA 45 on a touchback before continuing down. However, the TRIN has bounced off of its resistance at 1.0. This may be nore notable. Bob Graham