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

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To: Eurobum1 who wrote (6404)4/27/2001 12:27:21 AM
From: Lee Lichterman III  Read Replies (3) of 52237
 
Well this is definitely getting interesting and tough to read. My system tonight said to cover shorts in tech due to short term over solds tomorrow but not to buy long yet.

The indicator Don and I use is hinting that another sell off may be close at hand but is not signalling a short play yet either.

ADX is mostly in the middle and the weekly stochs and chandes are still climbing. Definitely a time to not be betting too hard one way or the other just based on TA.

AllansAlias has been on a hot streak as far as mapping this out via E-wave IMO. I am just hoping his big down B is nasty enough to make me money before the C up wave which I think could still be coming.

I am 85% cash and just waiting. My only plays on right now are short so I am hoping for a dismal GDP in the AM. I may start dipping on QQQ LEAPs soon though if we drop enough just to have something as a hedge against more aggressive shorts later.

Good Luck,

Lee
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