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


To: donald sew who wrote (31074)9/26/2000 2:56:44 PM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
Looks like price on the SPOO went past today's low and is now challenging a swing point put in a Friday. Next would be the low put in on Friday at the open of that day. Pattern that has unfolded over the past couple days is a potential bull pattern that shows up on the 15-min chart. Right now price is at its lower trend line which is where it is performing a piercing test of bottom. This is coincidental to the ND. TICK has performed a test of support and is rebounding from it right now. TRIN has initially broke out of a triangle pattern for a good push to the upside, now placing it at a resistance.

A bounce coming up?

3:07 PM EST

Here is another push up by TICK which should turn out to be the most significant. Lets see how price responds. TRIN has pulled back from its resistance and is now near support.

3:10 PM EST

So far TICK has put in a good move to the upside. Looks like it may have more to go. Price on the SPOO has consolidated so far during its move up. Looks like a retest of support may be coming up.

Bob Graham