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

To: Challo Jeregy who wrote (21948)	8/13/1999 7:33:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

The only aspect of your scenario that is questionable is Chuck on the Tues number. There is no connection. He calls the cycles the way they are-- but they are cycles, not predictions (overall market predictions) based on a variety of factors. It is, in a way, like Sew's guitar. Remember, he was on the verge of a Class 2 Sell yesterday. If the number this am had been bad, we woulda sold off huge.I DO think we will go down after Weds. May Dell stay above 40!

To: Challo Jeregy who wrote (21948)	8/14/1999 1:13:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

I am hoping you are right at this time. I just snuck a peek at my charts though I won't be updating my site until tomorrow afternoon and even though the plus numbers looked impressive on a quote sheet, almost every single stock failed to break through a resistance area, 200 DMA or fork tine with the exception of two, GE and BGEN out of the 500+ I track. I know that it takes more than one day for the damage to be repaired but still many of the stocks I just scanned, ran up until they hit resistance then they either stopped dead in their tracks or reversed and fell back a few. As I said, it may take a couple days for them to break through and I am actually bullish on about 10 right now but given the 99% that did this today, this could just prove to be a sucker rally in the end. People are nuts if they think the PPI number proves no inflation. It is a month behind and I can vouch that gas prices are up more than .1%. When I paid 1.15 a gallon a few weeks ago and now it is 1.52 a gallon here in Idaho and climbing every day, you don't have to be an economist to know prices are going up. As for the cost of production, there will be a delay before the rising energy prices and employment costs show up in these numbers. The market is proactive and they are not all morons. They know what is coming up ahead and they will hand J6P his head on a platter later this year. There are already signs of higher labor costs and as J6P has to pay more at the pump and is not getting his 30% gains from mutual funds to make him feel rich, soon there will be lines to the boss' office of those looking for a raise. BWDIK, Good Luck, Lee