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

To: hazard (jud) bentley who wrote (22562)	3/31/2000 12:13:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

>>is anyone concerned about the margin calls << Yes, I commented o this on our site tonight. My charts are whispering bounce tommorow but the margin calls, the resemblance of Jerry Favors 3 peaks and a domed house in teh NASDAQ and a few Head and Shoulders formations have me vascillating on if I will buy or not. Probably not since I very rarely buy on Fridays. I like to see the charts over the weekend and mull them over a few times tkaing breaks, thinking up strategies and pricing various option strikes to figure out my strategy for teh following week. If I buy on Fridays, I often make rushed decisions that I regret but I would hate to miss a big bounce. I doubt I will buy tomorrow as I have a all day conference to attend and I dont want to be exposed. If I do buy, I will most likely immediately sell calls against my position to minimize risk. My reasons for calling abounce are my supports on teh NDX which I posted here a few days ago, the almost hit of my NASDAQ target that appears close enough on my charts to count, and teh P&F SPX chart showing a typical 50% retrace of the high pole which often is a reversal area. Of course, if the margin selling hits as you mentioned, it could get ugly but they usually like to take it up on Fridays so the J6Ps don't panic over the weekend. Barring an all out crash Monday, I will probably be a buyer for sure on Monday. A lot of economic reports tomorrow. Factory orders, Chicago PMI etc. One bullish sign is the dollar actually went up today. usually the market tends to follow the US Dollar. Good Luck, Lee