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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (21830)	7/13/1999 11:38:00 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 42787

Morning Dennis. Glad to see you are still here. Did you finish your article? About the market - do you think this morning's action will meet Carpino's definition of a sharp pullback?

To: dennis michael patterson who wrote (21830)	7/14/1999 6:07:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Sorry so late getting back to you. I have my hands, feet and you name it full right now at work and at home so I am pretty much ignoring the market right now. I ran through my charts and I am obviously out of sync with you. I am getting sell signals on various internets like EXDS and was actually starting to get bullish on EMC again now that it has decided to follow my upfork versus the down fork that it was in for a few weeks. Like I said though, I am not really analyzing the market anymore and just updating my site and running a few quick scans. Can you believe that INTC traded up after missing just by saying they were hoping for a better next six months??? Ridiculous!!! MU has been expecting a better future for the last 3 years while they just kept losing money. As I said before, after receiving that last DELL mailer with prices slashed and really great dream systems selling for what a bare bones system was a few months ago, I think people have top be nuts to think anything to do with the PC industry is going to be any good later this year. I plan on shorting MU, INTC and many of the box makers soon and will add on to my positions from here on out. I hope to have my entire worth in puts by the end of August. I think we will have one more push upwards but not be necessarily in these issues then we are going to come down hard. I think the DOW will be able to make 11500 and possibly even 12K but then it will all come down and won't make a real bounce until next year. I am not predicting a crash but more of a slow grinding fall. I still think a few selected companies are going to do OK but it will be due to the balancing affect as they sell off the over stretched issues to keep the indexes looking pretty. Sell IBM and buy PG etc to keep the DOW up. Not that I am picking PG, just using it as an example. I hope to get some time and figure this out later in the week or else this weekend. As I stated at my site, I think the showing that INTC could rise in after market after missing shows that this market will ignore bad news like Argentina etc and focus on the positive here shows that we are still biased upwards. What will make them wake up to reality... who knows. SO for now, up may be the direction but down is coming down the road. Good Luck, Lee