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

To: Paul Shread who wrote (28534)	8/28/2000 10:48:48 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

The price action leading up to apex of the wedge pattern pointed to this possibility. But I was not convinced enough to commit myself to a position on this. I was skeptical. Then I would make an a** out of myself by committing to a possibility that happens infrequently, particularly ni this time frame. My luck, it would be been a "signal" to the market to reverse. LOL But we shall see. I am gauging this as it continues up. :-) Currently the market seems to be topping out a bit here. It has met a type of price target. Important Stochs are topping out. Price momentum is slowing. ND futures at an important juncture. Bob Graham

To: Paul Shread who wrote (28534)	8/28/2000 10:51:38 AM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

TICK made its initial move to the downside. Excellent opportunity to gauge the strength currently underlying the uptrend. 10:55 AM SPOO and ND holding up well so far. Possible buy signal on the 7-min time frame with my momentum indicator. 10:57 AM Price testing the 20 EMA 1 from below. This is where it usually sells off. I am placing an entry to go long at 1524.50. 11:00 AM Price must make haste at this point, or I am out. Initial stop loss at 1523.25. TICK bouncing at next to zero right now. 11:02 PM Price starting to "picket fence" on the 1-min chart indicating a possible end of this move up, or at least a whipsaw with a test back down to support. I am out at 1523.50 if it reaches this value. Buy signal on the 7-min has been invalidated. 11:05 AM TICK moving up past its zero mark. I am getting erady to eject...out at 1523.75. Lost 3/4 of a point which equates to $37.50 on the SPOO e-mini. Not bad risk for the potential reward of this trade. Bob Graham