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


To: Paul Shread who wrote (28030)8/21/2000 10:26:17 AM
From: Robert Graham  Read Replies (2) | Respond to of 42787
 
So far price action has not been very positive. IMO right now I am starting to see limited upside. The market is at a juncture and has moved down a bit. It is at a point where it may slow down. This can mean further congestion, or perhaps a continued move down. Now price has moved to retest the 20 EMA from below on the 1-min chart. We may know shortly.

Congestion starting to show up on the 1-min chart. However, I think the 3-min or above will have more significance in this market.

Looking at the larger time frame charts, likt the 5-min and 7-min, price is already in congestion there. The 15-min hcart may tuen out to be key for today.

Bob Graham

PS: Ravenquotes is not ready for prime time yet. So I will be moving back to QCharts soon. Too bad! I was looking for their promised StochRSI.



To: Paul Shread who wrote (28030)8/21/2000 10:38:05 AM
From: Robert Graham  Read Replies (4) | Respond to of 42787
 
The SPOO market congested on all time frames out to but not including the 15-min chart. A kind of triangle forming on the 3-min chart with some price contraction found there.

Bob Graham