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

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To: Chris who wrote (40930)	1/14/2001 12:38:23 PM
From: Lee Lichterman III	Read Replies (1) of 42787

Segments of my posts from our site so far this weekend.... Some charts that caught my eye this morning. One being IBM that appears to be forming bullish formations. Barring bad news, this looks like it could hold up well. marketswing.com MRK finally made it to the mid tine and has over sold signals. Bad tech news could start renewed interest into the Drugs although I still think it is priced too high FA wise. This was a recomended short but signal was given to tighten stops and now it should be covered. marketswing.com NDX is showing a bearish wedge so caution advised for this week as Earnings come out. We were over sold before but this bounce we had last week has now set us up perfectly for a new crash if a nasty surprise comes from a gorilla. I am still looking for 3100 but the safety net now has holes in it if we don't make it -ggg- marketswing.com I also am liking INTC strength in light of all the bad news and it's position on the weekly chart. If they don't disappoint and guide down too much, this could really take off. I am not sure I will play it long but I sure won't be caught short here on it. marketswing.com Last, MO is giving me a weekly sell signal. marketswing.com I didn't see much else in the news so far to move things. Next week appears to be an earnings driven week which unfortunately means gaps up and gaps down. That coupled with options expiration should make things interesting. Most of the max pains I have looked at so far on individual issues shows that prices need to drop to make the big money happiest. The possibilities are there. As I said in my post, I am looking for 3100 NDX but the wedge is scary, especially since longer term I am still looking for that 1950 area to be hit. Basically I see us in a earnings and guidance driven time frame. With so many Gorillas reporting over the next couple weeks, they can make or break us. As I said, INTC looks poised and I see bullish formations on it and a weekly chart that is set up perfect yet the fib retrace levels on the daily show we haven't hit the downside target of 26 yet. They are in the drivers seat Tuesday after the close to decide which chart to make valid and which one to negate. They and all the other big names reporting will move the NASDAQ and NDX, especially SUNW with their report Thursday following all the downgrades and bad press. If they give a good report and rosey outlook, we could rocket. I do think though that for once the press is right and DELL, CPQ etc will eat their lunch over time as they all move into the server market. CPQ will try to sell cheaper and DELL will do it better just like they took them out in the desktops a few years ago. They are all basically slitting each other's throats as the high premium, high profit niche dissapears ad servers become a commodity. Of course I am ALWAYS early in my FA outlooks and the PC industry took another year or two from when I thought it would disolve so there is time for more rallies in these companies. FA is always right but it is a lousy timing resource. -ggg- Remember these days? Apparently they accidently loaded a island top 20 scan from a while ago... toplist.island.com For those of you wanting a peek at "Ginger" or "IT" -ggg- marketdd.com Good Luck, Lee

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