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

To: Paul Shread who wrote (28648)	8/29/2000 2:32:45 PM
From: Robert Graham	Respond to of 42787

Thanks, Paul. I will get this together yet. Just takes some time. :-) Matter of fact, this has been taking me much longer than I had expected. :-( I also have been from time to time noting those buy and sell indications on those momentum indicators I ahd mentioned in the past, the indicators that Chris had helped me put together. Because of their delayed nature, I basically need to anticipate the buy or sell signal as price action is developing. And I would want a setup to trade in the appropriate direction instead of trading directly off of these indicators. It is one thing to see the indicator on the chart as a pefect buy or sell, after the fact. It is another to watch as it happens which can give alot of misleading indications if there was not something else like price action to provide the perspective. And looking at history on charts does not provide a very important element of price action. That is how it developes with respect to time. Much of what is there to provide the trader with a "feel" for the price action is lost on historical charts. FWIW. Bob Graham

To: Paul Shread who wrote (28648)	8/29/2000 2:56:50 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

The trick is not reading too much into what I am seeing with the TICK and TRIN. Sometimes the indications they provide is more obvious than at other times. :-) Look at right now. The TRIN is in a position to move down, the TICK is in a position to move up, but I do not see anything on the ND chart yet. The Stochs on the 3-min and 5-min and 7-min SPOO bottomed out and price is responding. The Stochs on the 1-min chart bottomed out earlier. So far I see price has move up to test the 20 EMA on the 1-min chart. TICK has not responded yet even though the TRIN ha moved down a bit. ND has not responded yet. I think price action on the SPOO may be the deciding factor here. Looks like a possible test of botom coming up on the 1-min SPOO chart. No setup to take to the upside yet anyways. Lets see what happens on the next push up by the TICK. 3:01 PM Tiny bull flag on the 1-min I would not normally take is resolving uwards after a pullback. ND is responding now as the TICK is putting in a second push to the upside. TRIN has been congesting but i it goes down any further will confirm this move. 3:04 PM Tape action is positive. TRIN has not validated this move yet. TICK has moved up to resistance that has been in place and periodically tested during today. ND continues to follow by moving up. 3:08 PM Pullback was minor but did indicate some selling itnerest. Once buying surged again, price continued up. So buyins is dominating price movement right now, according to my tape indicator. But I still would keep an eye on where selling can reassert itself, where buying lets up. Bob Graham