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

To: AllansAlias who wrote (26947)	8/7/2000 2:45:18 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Looks like price action is widening on the SPOO e-mini in tis congestion range which has lead to price breaking down past support. Here we are at a crux as price tests the 20 EMA on the 15-min chart. TRIN is pushing back down, so lets see if its support holds. TICK is in a position to continue down if this "bounce" fails. SOX has pulled back to support. Momentum on the 45-min SPOO chart is starting to break down. I need to keep in mind that the market is operating at a much longer time frame right now. So this bounce still can succeed. But I am starting to think "down" myself. Lets see what the fund monies do after 3:00 PM which is coming up real soon now. Bob Graham