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

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To: dennis michael patterson who wrote (18973)	1/22/1999 8:05:00 AM
From: Lee Lichterman III	Read Replies (1) of 42787

LOL, I tend to agree since my indicators aren't showing a major sell off yet except for a few things. There is a H&S on the DOW that points towards 8800 but there is a middle tine on my fork that shows support at 8950. Also my leading indicator stock just plunged 8% yesterday. I laughed at the idea the first time someone brought it up but this stock seems to run a couple weeks ahead of the rest of the market and has worked the last 3 dips. I am hoping to see a bounce on it. If so, THEN I will go long again. Until then, I am sittingon the sidelines. If 1200 SPX is taken out though, I will probably start shorting heavily. There is a lot of air under the NASDAQ and a void of support under SPX 1200 until they both fall quite a ways. NASDAQ Support would be all the way down to 2200 and SPX would be around 1165. If we bounce then I will go long but I think Feb will get uglier than this. Lee

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