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

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To: Paul Shread who wrote (6400)4/26/2001 11:27:07 PM
From: Lee Lichterman III  Read Replies (1) of 52237
 
Hope you are right about the 35 day cycle. I shorted a third of MMM today but am sweating bullets as they used MMM and UTX today to prop the DOW since they are heavily weighted as they sold off the other junk. I will probably add another 3rd if they run it up to 125 or so assuming the GDP number isn't so good I have to change my FA outlook.

Gersh, nice fork once again. A 75 point drop in the SPX would be sweet!

Sneaking a peek at my weekly charts which aren't really valid until Friday closes, I am amazed at the number of weekly sell signals firing off in tech land. Maybe I should have shorted more tech but I keep thinking we get AllanAlias' "c" wave up first. That inverted H&S I spotted 2 weeks ago is still in play also so until it gets negated, I hate to put too much money betting against it. I am more interested in seeing how the NDX does once this gap fills around 1650.

Good Luck,

Lee
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