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


To: Gersh Avery who wrote (28019)8/21/2000 9:42:54 AM
From: Robert Graham  Respond to of 42787
 
Price did not quite make 1505.5. It made 1504.75 before turning down. Price now testing the 20 EMA on the 7-min chart. I need to see this resolve before projecting next resistance. So far I see a resistance at about 1517.00. But when price resolves, I may be able to do some price projections.

Bob Graham



To: Gersh Avery who wrote (28019)8/21/2000 9:53:49 AM
From: Robert Graham  Respond to of 42787
 
I would not expect price to move much past 1501.75 where it is at now before turning up. This assumes price next is going to continue its move up to test that high mentioned in a previous post.

**update** 9:57 AM EST

Well, just a little late in initially submitting this post. :-) Price has indeed bounced from that value and is now about to test today's high with IMO a target of 1507.00.

**update** 10:05 AM EST

Just after touching interim resistance at 1504.75 and congesting, has made another push up to make a marginal new high. Stochs on the 1-min indicating another push down may be coming up.

**update** 10:08 AM EST

Nope. As price moves down, it is congesting. Apparently one more push up is coming.

Bob Graham



To: Gersh Avery who wrote (28019)8/21/2000 10:13:14 AM
From: Robert Graham  Read Replies (2) | Respond to of 42787
 
Price has now made it to 1505.50 and putting in a significant piercing test of top. I think the market may be at a juncture now.

Price now testing an important price level at 1503.50. We shall soon see.

Bob Graham