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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (3282)3/17/2001 2:41:35 PM
From: Lee Lichterman III   of 52237
 
I wanted to address the decrease in the Commercial SP00 shorts since many are taking it as a good sign.

There was also a marked INCREASE in the Commercial shorts on the NDX. Apparently they think it is broken now and going lower. That is one concern I have with the 1500 level holding. So many are now touting that number that it may blow right through and go straight to 1100 or Don's 1063. That would be over 30% lower from here. Eeeeak! That would almost for sure kill my hopes for a bounce to 2250 also since that would require a double and the bounce may only then make it to 1500.

Good Luck,

Lee
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