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Strategies & Market Trends : Technical analysis for shorts & longs

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Jan 16 4:00 PM EST

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To: d. alexander who wrote (24211)	10/30/1999 11:45:00 PM
From: Lee Lichterman III	Read Replies (1) of 69878

>>the calls were usually not so good (in terms of timing - I mean, sure, they were right eventually)<< I usually only lurk rather than post but I feel you should grab some of his previous postings, then pull up a chart and consider your post again. I think if you believe he has not been very goo d with his calls, then you misunderstood his time frames. Many of us, he and I included are short term swing traders and I have never found anyone in my yers of investing that has a short term swing track record anywhere near as good as his. His pullbacks and rallies usually come like clockwork. Another matter to remember is that they are based on indexes not stocks. if you are trading GE, it may not pullback when he says the market will pullback, but the DOW usually loses at least 75-150 points whenhe says it will. I am an OEX trader and I would have been lost without his calls on numerous occasions when my stuff said we would continue a run but he called for a pullback or vice versa. Out of about 30 times we have been on opposite sides, he has been right on all but maybe a couple of them. Believe what you want but I just wanted to make sure you understood the time frames and indexes he was calling. We are both bullish to some extent longer term but I agree with his call tht we should make a top beginning of next week. After that, it depends on what the charts say but I am biased upwards. We aren't calling for a crash, we are only saying the market is short term over bought and should pull back slightly. Heck it already did so to the tune of about 50 points from Frdiay's intraday high so maybe it started early. Good Luck, Lee ( back to lurk mode)

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