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

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To: dennis michael patterson who wrote (23324)	5/23/2000 9:25:00 AM
From: Lee Lichterman III	Read Replies (1) of 42787

Maybe, an argument could be made to that but I prefer to use the trend line that goes back to Feb 99. It connects the lows of Feb, March, April, May, June, and August ( Some months have multiple touches. This line contained all the previous drops including the April drop this year. That line is pointing to the 3K area as does numerous other trendlines so I think we are headed there eventually. If we do it this down cycle or wait until later this summer I don't know but I suspect it will be in the next week. Today will tell if yesterday's rally was a fake out like I suspect or if it was a more meaningful bottom which I feel is possible for the reasons I wrote last nioght but doubtful for the reasons I said. I am leaning heavily toward more downside, then a buy later. I ran my scan this morning on the updated data and it did NOT give me a buy. Therefore I will see what happens here and hope for another leg down for better prices. Good Luck, Lee

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