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

To: Robert Graham who wrote (20276)	4/5/1999 3:33:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Looks like the moment came and went past us. The DJIA after an attempt at a breakout pulled back into congestion. However, the SPY has attempted another breakout, and the NASDAQ has been moving slowly up. The S&P 500 after a pull back is back up near its high of today. I now see the DJTA breaking out to a new intraday high. Now that it is about 3:30 PM on the trading floor, perhaps we will see a move by the market any time now. Another time has come for the market to show itself. Update There were continuing negatives. Now I see that the DJIA did not follow the attempt of the DJTA and more importantly S&P 500 to break out. I see a pull back in progress that is being reflected also by the NASDAQ. I think we are beginning to see the remaining part of the day unfold. Lets not rule out the possibility of a test of support before a good bounce and breakout here. But I am not impressed by what I am seeing. Shortly we will know. Not easy to break out of a trading range that the S&P 500 is in. Bob Graham