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

To: Chris who wrote (9003)	5/28/1998 4:18:00 PM
From: Robert Graham	Respond to of 42787

How true: "When in doubt, don't trade". I will have to get real-time access to TICK and TRIN since Briefing only gives updates by the hour. Interesting to note that it appears program selling came in at this juncture. But not having real-time stats, I do not know what they used to determine the market bias at that point in time. The price pattern indicated that the buyers were stepping back when testing the intraday high next to 9000, but nothing conclusive without supportive market stats. So what has remained in common in today's and yesterday's program selling is that it occurs at market junctures. In other words at key intraday S&R, pivot points. Now I just need to key into the market figures they are using for their determination in order to know when the time has approach for a possible program trading to happen. This is useful information in itself. For those who daytrade issues that are directly impacted by program trades or the index options, it may be a time to be wary and even take positions off of the table, because the day trader can get hammered being on the wrong side of a program trade. Bob Graham