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

To: Chris who wrote (10081)	6/11/1998 11:37:00 AM
From: AlanH	Read Replies (1) \| Respond to of 42787

Candles: 11:45 NDX Hammer (end downtrend?). Wait for confirmation.

To: Chris who wrote (10081)	6/11/1998 4:39:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Three signs that do not bode well for the near term market: 1. No negative news from Greenspan should be taken as positive by market. Instead the market ends up selling off. 2. A broader based sell off with money movement from equity market into bonds. 3. The market did not hold above 9000. There appeared to be not good market breadth for the gains that the DJIA did make above 9000. Some are saying Asian concerns are gripping the market today. This may be helping to facilitate a sell off, but IMO it is not the factor that is causing it. I was watching the TICK and TRIN. TICK was down at an extended negative reading where a rebound is possible, and the TRIN was below 1. When the TRIN moved above 1 while the TICK remained at a large negative figure, this was an indication to me that the market was going to see more of a sell off. I am still working on determining how to use TICK and TRIN. Watch for 8750 on the way down. This is a critical interday pivot point. Bob Graham