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

To: Chris who wrote (30536)	9/21/2000 2:48:17 PM
From: adcpres	Respond to of 42787

Chris, wish I were kidding. Looks like the volume fell way off from when I posted earlier. Around noon the volume was around 800M on the NAZ and assuming it might continue, I thought possibly for a moderate to strong close. CLOUDS IN THE COFFEE. Win some - loose some. Getting ready ready to flush if it gets bad. GH

To: Chris who wrote (30536)	9/21/2000 2:51:20 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Anyone notice that the SPOO is in a triangle formation on its 45-min chart? It shows no uptrend in place, but a large consolidation. Comments? Normally I would say a possible short at 1460.25 on the SPOO. But the TRIN has broken through a trendline and has been falling at a good rate. And the TICK is ready to break through a trendline of its own for a possible push up. So I would say if the short trade does not work out, the odds of a long trade would go up considerably, one that can pay off well. So far price has moved down to test the 20 EMA 1. It would make sense if this caused a price whipsaw. 3:00 PM EST OK. Paper trade with entry at 1460.75 for a short. Stop loss at 1462.50. A possible SAR point. 3:02 PM EST Extended congestion on the 1-min which is prone to additional whipsaws. Tricky here. Need to be prepared for a reversal. Boy, I do know where to place my stops (most of the time). Price has been knocking several times within two ticks of my stop loss validating the resistance I saw there. Here I placed my stop loss two ticks above this resistance. 3:04 PM EST Price is moving down in a congested fashion making this more prone to a reversal. TRIN is testing its 20 EMA from below. TICK inched above its trend line to pull back to support. Something should happen soon. 3:06 PM EST Stop loss now at 1462.00. 3:08 PM EST Getting ready to exit at 1461.00...stop loss moved to 1461.00. If I had two contracts, I would of taken one off at 1458.75. 3:09 PM EST TRIN continuing to move up. TICK attempting to break out from a touch back of its trend line. Stopped out of the trade. Shows where it helps managing two contracts instead of one. 3:12 PM EST TICK is breaking out. No setup for me to take yet. Price at resistance which is an apex of a triangular type of pattern on the 1-min chart. There will be at leastone push up for the TICK. If this does not work, I would be looking for another opportunity for a trade to the downside. Bob Graham PS: Thank you all for your support and condolences during this difficult time in my life! PPS: Nice to watcht he stock amrket now as long as no real money is traded. Takes my mind off of other matters for a period of time.