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

To: dennis michael patterson who wrote (20272)	4/5/1999 10:40:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

It looks like that negative sentiment by the public gambler was a good short term sentiment indicator, where now the market popped to the upside. Right now the S&P 500 is holding at its intraday high which is above the high of yesterday and above the trading range of two days ago. It has pulled back and now appears to be attempting a bounce upwards. Next test is its intraday high. Pullback looks fine considering the large initial move up made on the open. Time will tell. Notice the combination of a good interim bottom, negative sentiment by the public trader, and a good pop in some key stocks at the end of the day. Also the S&P 500 which represents the broader market was an index that recovered early from the sell off. Foreign markets closed on the plus side and the long bond is up. Good short term positive indications. Todays action so far appears to validate the short term upward bias of the market. Now that I have real-time streaming quotes, life will never be the same! I will test out what I have learned so far about the intraday market and the S&P 500. Bob Graham