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

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To: Jorj X Mckie who wrote (15638)	9/17/1998 7:17:00 PM
From: Lee Lichterman III	Read Replies (1) of 42787

Tom, I know I referenced your thread last night also and I don't want to speak for Dennis but I know I was refering not to you but to most of the others including P&FMadness. I do follow the thread and find valuable information there often. However, the last few days they have been touting going long on numerous stocks that are at criticical resistance levels. I agree with you and with Don on TSO also within a few negligable points. If we all agree we are due to fall to the 7600 on the DOW then why would anyone want to go long when we are at the top of the trading range? This is where we were taking exception to the thread. It is better to trade the puts on the way down so we have more capital to buy stock or calls for the ride back up. Also, if you read Don's posts and follow Favors, we could break below the bottom "upward" channel each time we approach it. The upward wedge has not been disproved from the initial downward large move. Hope this clarified where we were coming from. Sorry for the delay in the answer but I work during the day and can only post at night. Good trading to you Lee

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