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

To: Judy who wrote (7427)	3/27/1998 3:39:00 PM
From: Electric	Read Replies (1) \| Respond to of 42787

Judy, Was looking at WIND chart, do you think there is enough legs in it to break the 40-41 range, it looks like really firm pressure from above.. stock has resisted moving over 41 for the last 4 + months.. I always respect and look into your positions and plays.. Thanks..

To: Judy who wrote (7427)	3/27/1998 4:43:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Hello again Judy. WIND definitely is showing good and improving technicals. I can see this even with the limited tools I have to work with on these Internet charts. I see evidence of basing with accumulation on the daily chart. The stock price held above its 50 day MA after its earnings report but still is below its 200 day MA. I definitely would wait for a breakout through its 200 day MA and a retest before concluding that this stock has turned bullish. This also will determine the strength of the breakout in how it responds to overhead supply at about 40. But that is just me and my conservative approach to trades. The RSI crossed above its 50 market and the MACD indicates improving price momentum as it is forming an uptrend itself at what appears to be above its zero mark that it has retested. MF is showing positive divergences with respect to the stock price. Now a breakout from technicals like this is what I would take more seriously compared with that of the ADBE breakout. This stock went up over 2 points on a weak to down day for the NASDAQ, computer stocks, and the market, and did this under at least three times the normal daily volume. Right now it is meeting overhead supply. Looking at the intraday charts I see a gap up over its recent consolidation range under terrific volume where it continued up within the half an hour to establish a new trading range with an upward bias. Volume was decreasing through the day except for some buys at about 1:30 P.M. I want you to give me feedback on what I found on the tape which appears to contradict the end of day price rise and volume that has been reported for this stock today. My look at the tape tells a slightly different story from the actual price action of the stock. There were two large block purchases to start off the gap up followed by larger block sales. The larger block sales must of been crossed. One showed up at 38 5/8 for 300,000 shares when the bid and ask was apparently at 38 3/4 and 38 7/8. I see continued large block sales as the price is improving. I can tell because of the mark down in price for the sale of the blocks. I suspect the MM may be acumulating an inventory at this point. The trading became a bit more biased to purchases instead of sales by traders later in the day. Other than the initial large block trades along with some large blocks later in the day being flipped for the spread, there has not been as much buy activity on this stock as the price rise and volume would lead one to believe. The number of prints on this stock is lower than I would expect where the several very large block trades made up a signficiant part of the volume today. I normally do not see MM manipulation as being as prominent as some say it is. However, price action like this including what I saw yesterday in ADBE makes me wonder. Perhaps the MM is on a more agressive posture in a sector that has been under ongoing distribution in order to make their money? Very interesting indeed! Still, I would think the MM would not do with with overhead supply waiting for them up ahead. But a couple point rise up to that overhead supply would be all the profit they would need. Judy, can you help me place perspective to what I am seeing here? I do not think I am becoming paranoid. ;) I am using Papyrus free T&S in my look at the tape of this stock. Bob Graham