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: Paul Shread who wrote (35339)	5/5/2002 3:12:15 PM
From: Lee Lichterman III	Read Replies (1) of 52237

Just got off the phone with him and asked him. He says he could get class one weekly buys next week if it is down hard enough. He didn't really elaborate on how far down we would have to go. He is still giving the impression that since the class signals are not in sync that he isn't looking for much upside though our other indicators are pointing to a hard bounce in the weeks ahead. Maybe a small bounce, tank then the signals get in sync and we get the better bounce? My thinking not his. Allan's Alias makes good points on why we should tank here since we have surpassed the 78% retrace point and thus a retest is all but a certainty. Still I show us within weeks of a pretty good bottoming signal so it needs to hurry up. On the bearish side, I had some major cycle turn points hit or about to be hit over this 2 week period and so far, they have acted like they were instead just acceleration points of the down trend. This is usually a bad sign. The seasonal charts also show that with a trend and trading pattern like this, the lows usually don't get hit until June. On the bullish side, we are getting pretty over sold here and any nice quick flush or show of "TRUE" fear could mark a low point for a meaningful bounce. The lack of fear and slippery slope of hope is amazing. On the one day bounce last week, I couldn't believe how many perma bulls showed up out of the wood work and started talking smack and gloating. I hate to wish ill will on anyone but I am almost glad we headed right back down to hopefully humble them a bit. Of course I know it won't work and they will be back on the next bounce. Hope springs eternal apparently and they won't wake up to the bear until it is over and they are broke. It wouldn't be so bad if they were playing the non-highly watched issues that have been climbing but most of them, if not all, are still playing the Mo MO stocks of 1998-1999. Unbelievable!!! Good Luck, Lee

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