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

To: Robert Graham who wrote (28143)	8/22/2000 11:15:47 AM
From: Robert Graham	Respond to of 42787

This market is operating closer to the 7-min time frame now. Need to be careful in these slower markets. And when in a good instance of a setup, need to be more patient. 10:16 AM Testing the 20 EMA concurrently on the 1-min and 3-min time frames. Entry stop for a long trade moved to 1510.50. Volume contraction on this moove down. Now I am beginning to see contraction in price. 11:19 AM Stop moved to 1510.25. This needs to trigger shortly. 11:21 AM Aborted the trade. Very extended congestion on the 1-min chart in the form of "picket fencing". And the 20 EMA on the 7-min chart is close by to be touched. Even volume has thinned to almost nothing. Lunch session coming up in 35 minutes. Bob Graham