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

To: jjs_ynot who wrote (28712)	8/30/2000 10:08:15 AM
From: Paul Shread	Respond to of 42787

Nasdaq seems to have no interest in crossing 4100, and SPX and OEX rallies are capped by the lower rising wedge boundary. Good shorting point, particularly on OEX and SPX, with a very tight stop at the boundaries.

To: jjs_ynot who wrote (28712)	8/30/2000 10:13:39 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Time expansion by the markets is actually pretty common from what I have seen with my intraday trading of the SPOOs. Usually this means a market trading well on the 1-min time frame may no longer trade well there, but trades well on the 3-min time frame. But it gets significant when the only time frame the market is trading well on is 7-min or above, for example. This "slower" market can last a period of time in terms of days and can be prone to whipsawing besides slow trading action. And more time tends to be spent in congestion trading. Risk as a consequence increases with not necessarily a change in the profit potential of a given setup traded in this market. I find this is where careful selection of the instance of the setup to be traded is important. And it may just be better to not trade at all when the market congests over an extended period of time. In this case, I would be looking for the market giving me signals that it is ready to exit from its congestion trading. FWIW. Bob Graham