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

To: Chris who wrote (12814)	7/22/1998 3:38:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

The DJIA is losing upward momentum. There was a bounce that should of carried it further. Then there was sudden selling pressure. When the Dow went up to challenge the high of the last cycle, it did not make it and moved back down to within about 20 points of today's low. The only thing that can save the DJIA will be program buying. But this can happen only when the selling subsides. If anything is going to happen it will occur shortly. If the DJIA closes right near its low, I expeect the selling to continue tomarrow morning before a reversal will happen. Bob Graham