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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (35050)	12/11/1999 2:41:00 PM
From: Lee Lichterman III	Respond to of 99985

Thanks and I understand what you mean by watching from the bench. I think everyone has to decide what to do on their own but having all the information is key. In other words, when the coast is clear, trading options on all good prospects is my game, when risk is high, I only go in occassionally and keep close stops and babysit them. When it is really dangerous, it is stock only or wait for the top. More on topic. As I ran through my charts this morning, I can't help wondering if something is seriously wrong in PC land. DELL is down over 10% this week, INTC is making lower lows after a lower high, MU is breaking down etc. I had GTW slated to bounce but the bounce was minimal. Now IBM warned. I say this not as possible short plays since many of them are now approaching probable support levels but is this a sign that Y2K is slowing the sector down and more serious warnings are lurking in the shadows? If so, will it affect the rest of the darlings? The reason I ask is we keep wondering what will be the straw that will break this mania. The Fed is going out of it's way to feed the bubble ahead of Y2K. The Street is ignoring the warnings of the banks that the interest rate problems are killings margins in credit cards. We could have another LTCM problem due to spreads in rate problems that could flair up again as the bonds are moving around again. Maybe the tech wreck could be from another warning from a perceived Gorilla or a rash of them from all of them. Good Luck, Lee