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

To: Backfill who wrote (22481)	3/26/2000 4:22:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

If you check the charts I have posted at our site (address is on my profile), you can see that the weekly SPX and OEX are not quite topped yet but are getting there on the cycles. The rate of change on the cycles hint at a top in about 3-4 weeks give or take a week or so. Also since many of the techs have already ramped up strong, this will probably be like the last couple quarters with pre earnings rallies and then sell the news post report drops. Also the week following option expiration is commonly a down week so I am targeting this time frame. I am no good at long term crystal ball reading. This is just a preliminary look ahead and as the time gets closer, I hope to have a better feel for it and the daily charts should also give better clues. Don't forget that mid April will also have many of the earnings releases out of the way and attention will once again turn to the May FOMC meeting where rates are already expected to be raised 25 basis points and there are rumblings that the next one could even be 50 points. Semi earnings haven't been that good. Volume of sales is great but ASPs are way down. Note that MU missed and immediatly following the miss they announced they would be dumping stock worth 1 billion. Why it is still up I haven't a clue. Only fools would buy this POS BWDIK. Good Luck, Lee