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

To: Robert Graham who wrote (8475)	5/12/1998 1:31:00 PM
From: absol	Read Replies (1) \| Respond to of 42787

Hi Bob, Sometime back you posted about block trading occurring in HWP, CPQ and other stocks. Where do you get the information for the block trades. I am using Internet Trader and it gives me the time, volume and price but not the bid and ask at the time of the trade. When I was watching the CPQ there seems to be a large number of block trades in excess of 300K( I am not sure whether it is a sell or a buy), is this normal for CPQ? Appreciate any info on this. anantha

To: Robert Graham who wrote (8475)	5/12/1998 1:44:00 PM
From: Chris	Respond to of 42787

[more thoughts re: bob g's momentum post] <<What is interesting is that on a strong breakout of a stock, if the stock manages to pull back to what was the resistance that it broke out from before continuing, then this usually means that the breakout will be accompanied by strong momentum. However, watch out for a bull trap where the price ends up breaking down through the resistance line it broke out from. When this happens, the price can have just as strong of a downward reaction to this failed breakout.>> yes, those are my favorite plays.. use of a buy stop to catch any breakout. usually 1/4 abv the old high would be nice. (on good volume)... futhermore, the closing price must be up high. ie: RADAF's valiant attempt yesterday was terrible. the closing price was 1/8 (or so) abv the open. the high was 1 pt + above the open.. furthermore, assuming your buy stop got hit at the old high, one would put a SELL stop right under the broken old high. any breakout must be strong and end up closing in "new high" territory.. thus, any retrace in price back BELOW the old broken high is a BAD sign. sure exit in my book..

To: Robert Graham who wrote (8475)	5/12/1998 1:47:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

[more thoughts] <<Note that I have not mentioned the use of the "momentum" indicator? I see the momentum indicator more like a speedometer where its general level tells you where you are but does not necissarily give you ongoing indications of the momentum itself and its likley continuation or change. In other words, the momentum indicator used in this way is rather meaningless to me. However, by looking for S&R and trend of the momentum indicator itself, and divergences from the price trend of the stock, at times the momentum indicator can give you important clues as to the continuation or eventual break down of the stock's trend.>> just reinforces the idea that a trading system should incorporate a "slew" of indicators.. (sometimes, it cannot be 100% mechanical) trendlines/support/resistnace moving averages momentum indicators overbought/oversold oscillators volume analysis all of those factors/concepts must be "looked at" completely before a system can succeed (imo)..