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

To: Robert Graham who wrote (30547)	9/21/2000 3:16:21 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Yep, an entry would of been at the invalidation of a bear flag on the 1-min which is a bit more tricky to anticipate and pick a low risk entry point. This happened on a second push up by the TICK. TRIN has responded by moving back down to its previous swing point. Now for a continuation entry at this point, I would need my tick charts. Richt now it looks like price wants to break a trend line to the down side first. The 20 EMA 15 and 20 EMA 7 are providing some selling interest right now. 3:20 PM EST Another small triagular pattern on the 1-min time frame. Simply amazing! It is initially beraking to the downside. Entry stop at 1462.75 with initial stop loss at 1461.00. ND looking to retest support put in by its last move down. 3:24 PM EST Price has pushed up. I could of moved that stop down to where it should of been, at 1462.00. late entries are tricky. Stop loss at 1462.00. 3:27 PM EST Getting ready to exit early since this was a late entry. Stop loss at 1462.25. 3:28 PM EST Out of the trade at a 1/2 point loss. Now price is testing the 20 EMA 1. TICK put in a spike down. Perhaps one more push down is coming up. TRIN ahs done nothing. 3:29 PM EST Entry at 1462.50 with initial stop loss at 1462.00. Needs to go up quickly here or I am out. 3:31 PM EST Getting ready to eject...stop loss now at break even. TRIN strting to move down some more. Maybe the TRIN will salvage this trade. 3:34 PM EST Out at 1463.75. Taking too long And another pattern was forming with downside potential if it is completed. And there was a rend line to break by price beyond my current stop loss. Continual pushes up by TICK has not yeilded results. Both TICK and TRIN supporting price, but not resolving price to my satisfaction in the anticipated direction. 3:37 PM EST Price now movs up some more on another invalidation of a bear pattern on the 1-min as TICK puts in another good push up. This is starting to show trending qualities on the 1-min and even the 3-min charts. Price is being bound by the 20 EMA 1. 3:42 PM EST Figures. Price moved back to the 20 EMA 1 in the form of a small flag. If this is a trend, it would of luanched price upward, which it did. In this market there may be one more larger pullback coming up which can provide another opportunity. TRIN starting to move back up. 3:46 PM EST A large bull pattern on the 7-min chart is in the process of resolving upward. Target is today's high. Bob Graham