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

To: dennis michael patterson who wrote (22638)	4/6/2000 12:44:00 AM
From: Lee Lichterman III	Read Replies (5) \| Respond to of 42787

I tried to e-mail my response to you but my mail server is down. Nothing today came as a surprise other than the morning bounce. I said last night financials were going to pullback and my DOW sell signals on individual stocks like KO, PG, UTX etc all worked at least a little. My P&F is targeting 10900 DOW, my candles are undecided if memory serves me right. The candles do have 11500 as the top though if we get some sort of employment report rally Friday. The bond short idea I threw out last night also is bearing some fruit as the divergence was getting to o steep. The NASDAQ bounce was mostly over sold stocks and I view it as bearish rather than bullish. The SOX rally left INTC behind and biotechs were so oversold, they had to bounce. I have been pushing BGEN all week at our site just on the over sold nature alone targeting the 60 entry and today's bounce for 9+% was a relief for me as I hate giving bad advice. <g> My charts are mostly rolling over after a small bounce in stochastics diverging from the dropping prices. This hints at another down leg sometime soon. The time of week timing is bad however since we have rallied of the Friday employment reports the last 7-8 times so why should this month be any different. AG's comments about not targeting the market were troubling ot me and I took it as I will raise rates even if the market is dropping, you idiots rallied when I was trying to slow so why do I care if you are just now finally getting a clue. <ggg> If he does what he says, and teh economic reports keep pointing to rapid growth, I hope he will stick to his guns and hike another few times. A consolidation or return to more sane levels will allow us to go bull again for a few more years, otherwise I have some much lower targets for this late summer fall time frame. I expect another pullback by next week then a rally to complete out the right shoulder of teh 3 peak and a dome H&S formation then the plunge down to complete it out but probably not until earnings are over. From there, I believe the economy is fine and we head north throught the elections until the next poor sucker that Billy boy set up for failure inherits the real ugliness. The pieces of the puzzle are coming together. Good Luck, Lee