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

To: Robert Graham who wrote (20274)	4/5/1999 12:26:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

We now see congestion. My MACD first alerted me to this possibility which was then confirmed by price action on the indices. Also earlier some key leadership stocks did have a good pullback with limited rebound to form an intraday resistance to further moves up in price. Notice the progression of indications that I look for that forms a pattern. The NASDAQ along with the DJIA are indices that attempted a new intraday high. No surprise here since it is close to making a 52-week high along with the DJIA. What a combination for a confirmation of a rally if both indices made new highs. But I do not see this happening at this point in the day. If it does, I think it will not be a significant move. Lets see if this view of mine is correct. Putting my neck on the line like this is sometimes a very good way for me to learn. Bob Graham