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

To: Robert Graham who wrote (25585)	7/18/2000 12:09:03 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

If price is going to move down, I anticipate it will do shortly. A stop for a short at 1510.00. update Momentum loss on the move up. The next push up did not get anywhere. Now price is probing for support. update I have lifted my stop and waiting for price top move up for a small test of top before setting it in place again. There are a series of short side-byu-side bars some call "picket fencing". And this picket fencing is turning into an extended congestion. This is where price can whipsaw, and my stop is just too close for a whipsaw at this point. update A NR bar followed by an attempt at a move up. The very aggressive trader would now put back that stop entry. Now price hs made a test of top. Now I will put back my entry stop at 1510.00. update I think at this point price may move to the upper end of its trading channel. I am getting redt to cancel my stop...my stop is now canceled. No more a pattern I trade, even though the push up followed by a brief contraction did not resolve which indicates a push down is coming soon. update Price has now been testing the 20 EMA 7 and now has pulled back a bit to test the 20 EMA 1. If this oes not resolve price forward, then I anticipate price will be moving back down. Bob Graham