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

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To: donald sew who wrote (23388)5/24/2000 7:32:00 AM
From: Lee Lichterman III  Read Replies (1) of 42787
 
Don, >>What really bothers me about the NAZ 2900-3000 bottom, besides so many being in agreement, is that there is still NO strong sign of fear/capitulation. <<

I was laying in bed last night and was making a mental note to myself to post the same thing when I got up this morning, Something kept bugging me all night about my charts and I didn't put my finger on it until I was just about asleep. I saw no volume spikes last night in the charts. All the volume was normal to even lighter than normal. We need to have a cleansing for a longer term bottom. Therefore I think the odds favor lower prices sometime down the road, but when? This cycle, next cycle down? Like you say, so many are looking for 2900, is my 2500 fork going to be the right one to scare the crowd when 2900 fails?

Don't know but I'll be watching. Still might dip in here soon though for a scalp. I will buy farther out than I originally planned though since things are still a bit muddy.

Futures are up over 3 points into buy territory and it isn't even Fed flood the market with cash time unless they set the alarm clock early this morning. -ggg-

Good Luck,

Lee
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