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

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To: Louis V. Lambrecht who wrote (39748)1/2/2001 7:42:28 PM
From: Lee Lichterman III  Read Replies (2) of 42787
 
Wow, thanks! I guess Soros could crash those or run them up at will. <g>

Just walking in the door so no opinion of market yet. I was trying to buy QQQ LEAPs today but as usual got the dance around from the pit and couldn't get aggressive from work without faster order entry and good intra day charts. I was chasing the 03 50s for 18 1/8 when the bid was 17 5/8 by 18 3/4. I wasn't going to chase in the middle of a fast decline so will re-evaluate tomorrow after seeing tonight's charts.

They ran futures up a bit so as of right now we are slightly biased up but lets see how long that lasts. I do think it is a good sign that the leaders are finally giving in. We might be getting close to capitulation. I noticed the usual dip buyers kept jumping in today on QCOM and AMCC etc before they finally had enough and they let them drop. They were brutal on EMC, NTAP, ADI etc!!! Will know more soon as I download my data and run my charts. I envy you all that were home and able to aggressively trade this. It must have been a great day!

Good Luck,

Lee
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