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

To: Les H who wrote (22355)	12/1/1999 1:27:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I am not up to date on Blair etc as I should be. I listen to teh BBC every night on NPR here but I dont have a feel as to what all goes on. I did hear about the nude church attacker though with a sword. If that isn't a clear cut insanity plea, I don't know what is <ggg>. I don't know what to make of this market. Internals actually improved today with only 296 new lows versus yesterday's 400. Advance decline was almost even yet the indexes broke through some semi important supports. Financials bounced today also which is normally bullish and transports didn't tank like they have been. Could just be a technical bounce but it is getting interesting again. My over sold scan got ral short real fast and my over sold signals are already starting to fire. The most bullish thing for me is most of my forks are holding even when I expect them to fail. This is an ugly time to go long since I expect the Fed to announce a tightening bias in a couple weeks and we could drop for a while going into the meeting but I also think we could make an attempt to rally the SPX to 1460 and try to run the DOW to a new high to keep J6P in the market for Y2K. A dropping market into teh Y2K could spook too much money out and the funds don't want that. Too big a hole in the bubble would be hard to patch. Luckily I have a busy day tomorrow so I won't be able to trade unless I see someting really tempting and I don't see any real good shorts so any play would be a long play which scares me just thinking about it. <ggg> Good luck, Lee