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 (25584)	7/18/2000 11:53:59 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Looks like there has been a pullback to the 20 EMA 5. Now if this sets up, I will take a short position 1509.50 on the SPOO e-mini. The problem here is the 20 EMA 1 coming up to price. So there will be some whipsawing. Initial stop loss at 1510.75 for 1.25 points. update So far price has been riding the 20 EMA 1. I epect at least one more push down from here. update Looks like a small bull flag has formed on the 1-min chart with continued price contraction. Need to be careful here. Suspecting a push up. If price makes a small test of bottom here and then moves up past 1509.75, I will be looking to exit. Or if price moves from here past 1510.00, I will also be looking to exit. Price is still contracting now below the 20 EMA 1. update The moment of truth has come. An invalidation of this small bear flag can help price move to a retest of today's low. That is what I am looking for now. I will allow a touchback of the 20 EMA 1 in the process. Stop loss at 1510.25. update Out for a 3/4 point loss. Price will now put in a test of top and an actual touch of the 20 EMA 5. Bob Graham