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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (22615)	4/3/2000 10:39:00 PM
From: Lee Lichterman III	Read Replies (2) of 42787

I am liking SUNW but it is a hard one to figure out. It got EXTREMELY over bought last fall but has now been consolidating for months. If you connect the last few months lows and then connect the highs, there is a wedge which it has slightly penetrated below. Still after that much of a consolidation I am finally starting to get comfortable with it. It is on my list for tonight but I need to do some valuation computations before I decide. I did find some strikes I think are reasonable. The ones I am really trying to figure out are HLIT, BGEN, RFMD and the QQQ. All are getting in buy range here and are either getting signals, sitting on supports or both. All my stuff is saying we bounce now but the momentum has turned so how much bounce is going to be tricky. of course we also have to watchthat we have made a lower low on the NASDAQ for the first time in a looong time. Curious as to why you like the financials. Is it purely technical? NAPM report and even worse the construction report came in hot today which should mean more rate increases which should be bad for the financials. Also bond, note curve is steepening thus the bond market seems to be looking for a major recessionary environment. I have been saying that the financials may be the short opportunity of the decade based solely on FA of course when is the big question and it will take TA to figure that out. Probably still months out but still.... Good Luck, Lee

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