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

To: jef saunders who wrote (22406)	3/21/2000 1:20:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I would be very very cautios around any high PE stockin this environment. I almost lost my head trying to catch a bottom on RFMD and HLIT today. They were at supports and I almost went for it. They both dropped heavily and broke through supports. As I look through the charts tonight, I see blood on anything that was a past favorite. Only the old techs are holding together and even they are struggling. This could get nasty. Of course the FOMC will be the driver tomorrow but after the reaction to the intitial anouncement, I would be careful. I really want ot dip here but there is some serious damge going on in the highest flyers. Good Luck, Lee