Stock Attack -- A Complete Analysis Message Board

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

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To: Electric who wrote (17441)	11/5/1998 8:57:00 PM
From: Lee Lichterman III	Read Replies (2) of 42787

Electric, Dennis and Chris If you went to the site before 8:00 Eastern time, that was yesterday's data. I had updated them at 6 this morning and forgot to change the PM to AM. The todays charts were put in at 8 EST tonight. Anyone have a clue as to what is going on? For a 136 point up day, I didn't see much that was up other than a few financials. Advance Decline was about even and volume was down on all the major ones I watch. DELL was trading at about half normal volume etc. Either major indecision or else we are resting for the next upsurge, are waiting till next week to start the next plunge, or trying to decipher the Greenspeak. I can't believe stocks like MU, YHOO etc are making new highs while DELL and any other company that actually earns money are under performing. KEA is really ticking me off. The number one best performer for 10 years yet the best kept secret among it's traders and it has been sitting here like a limp noodle for weeks. Guess I should just buy KTEL or AMZN <g> The OEX made it pretty close to the resistance point I expect to hold. It is the line that contained the stair step pattern after the initial drop that we stayed in before the second down leg. If we break through that, then I would have to say either this is for real and we will rally forever or else this was a "fool the TA guys" and force capitulation of all bears and we will finally plunge head long into the abyss below. Since many of the stocks like DELL and some others have stalled, they have actually been able to get their over bought readings down. I still show the indexes way over bought daily and the weeklies are getting pretty high too though they have some more room. I did notice on the bullish argument's side that the pullbacks have been on generally low volume while many of the gains earlier were on higher volume. This trend is going away lately though. I really don't know but I don't trust this market enough to hold over the weekend, that is for sure. I may be cash hopefully tomorrow on the close. They say to trade your plan, mine has been to be ready for a downleg starting the afternoon of the 6th a long time ago and the 6th is tomorrow. I will be in day trading mode next week until I see a trend which I think should be down soon. Of course, I may change my mind. <g> Allot of mixed signals these last few weeks. Good Luck, Lee Lee

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