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

To: Robert Graham who wrote (25705)	7/20/2000 1:37:13 PM
From: Robert Graham	Respond to of 42787

TICK holding support so far. TRIN congesting up to a test of top. SPOO pulling back apparently getting reading for another push down for a small test of bottom. Volume diminishing during this pullback. If this pullback gives me a workable entry, I will take the initial push down. But I also need to be prepared for a bounce here. Sell stop at 1506.25. I really need to move up closer than this...now moved to 1506.50...now at 1506.75. Getting ready to remove entry stop. Stop now at 1507.00. Nope...Removing stop. Bob Graham

To: Robert Graham who wrote (25705)	7/20/2000 1:44:40 PM
From: John T.	Read Replies (1) \| Respond to of 42787

Yes, that would be diabolical. Here's why I think its possible: SPX bottomed yesterday in wave A down. This was a 5 wave impulse. Now the SPX is making corrective wave B up. This may itself be composed of an a b c zigzag up. I can clearly see "a" up and "b" down. So if we rally up from here that might be wave "c" up, which would take us to the top of corrective wave B. Then we get the "waterfall" down in corrective wave C. Of course, this is all just a guess.