Stock Attack II - A Complete Analysis Message Board

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

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To: donald sew who wrote (12473)	7/23/2001 8:59:50 PM
From: Lee Lichterman III	Read Replies (2) of 52237

By Lee_Lichterman on Monday, July 23, 2001 - 08:41 pm: Edit My readings are pretty much aligning with Don's as I too am close to signalling over sold but not quite there yet. I will add that in addition to what he said about MSFT and it's weighting, QCOM also seems to be starting a downward move and it is ranked in the top 3 or 4 and will drag down the NDX also. Just something to keep in mind. On the possible bullish side ( or more bearish) I believe they report earnings later this week. I will have to double check but Thursday seems to be stuck in my mind. The OSX stopped right at the resistance I mentioned this weekend from my lower fork tine. Break out or Break down? SHort term stochastics lean toward it not getting over the line on this first try. VIX also appears to be forming a bullish flag off this last push up and then the sideways action of the last week or so. This too hints bearish. If 1975 fails on the NASDAQ then we should drop another 75 to the 1900 suport area. EMC ADX is implying the downward move there may be ending soon. We will have to watch this coming bounce for signs of strength. If strong, then tag along for the ride, if it is weak, it could make a nice short entry. I am still on guard and waiting for a clear trend before doing any major positioning. S&P GLOBEX triggers slightly bearish for about 3 1/2 points. A plus 2 reading on GLOBEX is still a sell. Good Luck, Lee OT I heard on CNN Breaking news a loud sonic boom was heard around Maryland and Virginia and a bright glowing object was seen in the sky falling to earth. Did one of your dumplings slip out of the pot? Mama Mia, that is one spicy meathball!!!

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