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

To: Paul Shread who wrote (38387)	12/19/2000 10:43:56 AM
From: Robert Graham	Respond to of 42787

Looks like price made new intraday highs then when immediately into a short congestion. Now price is reentering the previous congestion range out in today. Right now price is at a previous intraday support. This should be interesting. If price moves down from here back below what should be support now, then it is in a congestion trading range. ...price attempting another time to continue its rally. This time needs to succeed otherwise I think we will see some selling. ...price now testing new intraday high terratory. I think we are at a key juncture here in today's market. ...broader price contraction on the move up. Not a good sign. This is where some strong moves up can be made. But this does not happen often. I am starting to lean to anticipating a move down from here. ...now I see some selling entering this picture. Lets see what supports it will respect. Bob Graham