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


To: Robert Graham who wrote (25323)7/11/2000 3:44:03 PM
From: Robert Graham  Respond to of 42787
 
First price target of bottom reached at 1497.00. Price has been moving past those EMAs with little selling discovered. Just provided resistance. Price also at its 50% Fib retracement point. Twenty minutes left in the trading day. So this should get interesting! :-)

Now testing the 20 EMA 15 and the 20 EMA 45. The market is at a juncture now that it maynot have time to resolve. Lets see what the bigger money now does in these respective time frames.

Interesting that the SOX is still down 26 points.

**update**

Price has tested the 20 EMA 1. If this were earlier in the day further away from the close, I would suspect another move down before finding out if price will continue its move up. But at this point with little time left in the day, I do not know what will happen.

Bob Graham