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

To: Chris who wrote (22668)	4/7/2000 1:13:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

that's a lot of cashola!!!! Tricky time in the market but I see the potential for a couple up days based on staticstics but it could go either way. I like the bullish flags on teh SPX and OEX and I liked the internals today. I didn't like the decreasing volume as the day wore on, and I didn't like the fades in most of the leaders excepting SUNW and AMAT. Too many gap ups then long slow drops as the day went on and even AMAT's volume dropped as the day went on. Employment report day has been an up day for a looong time and since the market was down, you would have to think they will do a J6P rally to ease fears over the weekend or else the slower crowd may figure out htey should be going to cash on Monday. I have a few indicators saying this is a short term bottom but my cycles dont' agree. Also my weekly charts are still pointing to a significant decline in the coming weeks, but of course those are lousy for timing so next week, 2 months??? The employment report decides tomorrow but with an upside bias I think. I have a few more things saying decline late next week to the following week which I like more. The hard part of next week is the CPI, PPI and numerous other economic reports. Yes, everyone thinks AG will raise again, but if they come in too hot, they don't want ot be expecting 50 or more in the hike. This was easier when all we cared about were earnings. <gggg> Good luck, Lee