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

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To: dennis michael patterson who wrote (20652)4/28/1999 9:27:00 PM
From: Lee Lichterman III  Read Replies (4) of 42787
 
Well my calls have been terrible lately but youcan see my chart at my site. I am expecting a visit to around the 36-37 area again. Stochastics are nearing the top and should cause a downcycle in the next few days. That cycle should take at least a week or so unless this selloff tomorrow is fierce. (AMZN trading down 15 points in afterhours but futures are mellow so far). There is a possible upfork not shown onmy site around 40 so watch it close there for a bounce but the weekly chart gives more credence to the 36 forecast onthe existing daily downward fork.

Also MACD failed to stay above zero, the recent high was a lower high which both give credence to the downward fork being the valid one. If it gives me a buy signal I will let you know but my signals aer better for tops than bottoms.

Where would you buy more EMC? 110, 100, 90? Any targets for AOL or just watch how it acts? Iwas thinking of going back to work tomorrow and taking my remaining two days next week figuring that it would give the market a couple days to sell off, then when Don gets a class buy signal, take the buy in day off to try and get in. I still am not coming up with many ggod shorts. The best I see so far is the DOW itself.

Good Luck,

Lee
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