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

To: Chris who wrote (8934)	5/27/1998 10:52:00 AM
From: Darth Trader	Read Replies (2) \| Respond to of 42787

thread, thinking about picking up an oil stock for a long term hold, CDG or ESV come to mind, any suggestions? Will do exhaustive DD. TIA

To: Chris who wrote (8934)	5/27/1998 10:54:00 AM
From: Robert Graham	Respond to of 42787

"...its like ducks quacking to the hens". Good analogy, and humorous too! I agree that price objectives can say the technical trader and it is the indicators that are important. IMO this is because price objectives are not treated as "objectives" by many relatively new to TA, but as "predictions". Big difference in how one executes the trade with this information. Looks like the DJIA retested its intraday low and theprice action is showing that it is meeting some support there. If this price breaks through, IMO it will continue down from here. Lets look carefully at this market slide in its intraday price action. We can learn allot from this. Importantly, we can see how the stock market will retest its intraday low multiple times before considering the bottom confirmed and then take the opposite side of the trade for a long position in anticipation of higher prices. Bob Graham