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

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To: Robert Graham who wrote (14410)	8/11/1998 12:58:00 PM
From: Lee Lichterman III	Read Replies (2) of 42787

Excellent post. However is this really the sell off everyone on the Tech Stock options thread was waiting for? I don't think so. There hasn't been enough damage yet, no fear etc. The buy the dip crowd is still prevailing. Look at DELL. It was down in the 105 area on heavy volume selling and is already back over 107 but they are small blocks pushing it up then big blocks unloading. I think the funds are still unloading in preparation for the real fall. The indexes look bad but the individual issues still look unscathed. IBM is bouncing fast also. Trying to find direction in this market is getting more confusing instead of better. HK, Russia etc are all hurting yet our high tech sector is still priced under ideal situations. I hate being a bear but I am finding difficult to trade in this environment. Part of me is mad because I didn't catch this daytrade recovery on DELL, the other part of me says that it shouldn't be happening so therefor it shouldn't be traded. I know the second one is true but I hate taking time off work to just watch. <ggg>

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