Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lee Lichterman III who wrote (28798)	8/31/2000 9:06:38 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

OK Lee, thanks. I will watch all three of these. I observe yeaterday that T lost much of its gains. Still better for me to play SUNW for 1-2 point trades.

To: Lee Lichterman III who wrote (28798)	8/31/2000 9:48:26 AM
From: Robert Graham	Respond to of 42787

On the 15-min SPX chart there is a very bullish wedge. Couple this with the inability for the market to continue to sell off despite the activity that I saw on the tape yesterday, I was thinking a move up. However, I was expecting price to pull back to support before breaking out, It did, but it was very minor support close by where price opened. After establishing a narrow opening range, and congesting there for a short period of time, price took off. I need to study opening range behavior more. What is interesting is that the 1-min pre-open chart was telling me this market will initially trade closer to that time frame. This is the first time in a while this has been the case. So the character of the market may be changing. Right now price is making its first pullback. Either it will hold up, or if it retraces too much, this can lead to congestion for a period of time. So far it has retraced 50% of its initial move up. 9:52 AM Now price is appearing to be forming a triangle type of pattern. Those damn triangles again, which facilitate whipsawing in the market. :-) Bob Graham