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

To: Robert Graham who wrote (26360)	7/31/2000 12:44:07 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Here we have price testing the 20 EMA 7 now. I suspect another attempt at a move up soon. Those stops are waiting! LOL Let me propose a new theory of mine. If this were a cognested market, I would see this "early" move during thte lunch sesion as a type of "fake out" that would end up with lower prices. However, in a trending market, this move can take out the stops early. Then after a pullback that can fake the market out to the downside, any move up would be genuine at that point since all the stops have bene taken out. In other words, while the move up during lunch in a cognested market can be a fake out, the move up is genuine during a congested market. So lets see what happens! Bob Graham