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

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To: David W. Taylor who wrote (24934)	7/6/2000 12:01:13 PM
From: Lee Lichterman III	Read Replies (2) of 42787

>>If you wish to continue your current practice, I would remind you to change hands every so often... << LOL, roger on the carpal tunnel Syndrome. Nice bounce in the NASDAQ led by the NDX so far. Again, I don't understand the moves though since I show CSCO still near the lows of the day, SUNW is down 3, IBM is being drawn and quartered, etc etc. yet the NASDAQ 100 is up 27+???? Even the Mo Mo stocks of late are waaaay down like RFMD, SDLI, GLW etc. What is causing the NDX to be up so much???? More of the mystery weighting?? I was going to dip on some XLK calls as I was looking for a bounce but I was not prepared properly and the bounce came while I was still pricing and choosing my strike. I will see how this plays out over the low volume lunch break. I was only looking for a fib retrace as a target. The rotation/bounce in cyclicals appears to have subsided as they are once again weak. It will be interesting to see if they make a higher or lower low on this cycle. Dennis - SFA screaming again... Chris, don't understand why you want to short the Q here as I still think we are just oscillating around aimlessly looking for direction. Are you counting on seasonality???? I believe we are just stuck in this tight trading range and could stay here until the Fed is done in August but I am not sure of anything anymore. I see a lot of posts waiting for breaks out of the triangles. I would not be surprised in the least to see a fake out break and reversal the other way. Almost everyone is looking at these same triangles and there could be a flurry of by stops for any break. Now I ask what happens to stops when there are many at the same levels. In my experience, they get taken out then go the other way. I may make a contrarian bet on any violation from here with a longer time frame in mind. Of course it all depends on the set up, the news of the time etc. Good Luck, Lee

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