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

To: Chris who wrote (22762)	4/13/2000 8:04:00 PM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 42787

Dennis, what did SUNW pull for earnings? I looked all over and couldn't find it. They were supposed to do 24 cents, don't know the whisper though. Chris good call on the bounce open not being good! I missed the open and was cussing all morning when I heard on the radio we were up 90 on the NASDAQ since I was afraid I missed the bounce. I guess that was it huh? Actually I hope not, as bearish as I was for months and as much as I think the high flyers haven't even started to correct to reasonable levels, I don't want a blood bath either that will destroy the good with the bad. I made a quicky run through some charts and we need to at least slow the drop if not bounce for a day. If we fall hard again tomorrow especially in teh SPX and OEX, it will form 3 black crows and that ain't good. <ng> If we do form another large black candle, any bounces will be shorting opportunities since more drops would be forecasted. I am reading about all the gloom and doom but I am not seeing it. MDA isn't calling for dow 5 yet, the bear threads aren't gloating too much and though my contrarian indicator is starting to be a bit more cautious, he is still pounding the table on semis and semi equips. GTW "met" the expectations but cited slow business sales. Of course my first question is what kind of businesses buy GTW instead of DELL or Micron but anyway, this could hurt DELL's perception since they are viewed as the business PC seller. Of course the contrarian answer would be that DELL is getting all the business. Anyway, the GTW report may prove to give credence to the MSFT downgrade now since not many home users are looking to migrate to Windows 200 where as the business market for which it is aimed is. Weak sales there bode bad for MSFT tomorrow IMO. Still I show it over sold and am getting more and more tempted to try and time a Dead cat boucne play at least. I see a few small areas of strength so far. One that Dennis found a while back, SFA is holding up fairly well despite it flying high for a short time. WCOM is hanging in too so no real blood being spilled in teh broad market. Now the fluff is getting hit finally with it spreading to the street darlings (and it is about time I might add) CSCO, WCII, AMAT all being crushed now. I hope it continues so I can get them at a "fair" price versus fair price in 200 years. <ggg> PS - Are you having any data feed problems. A few I talk to and myself are getting bad data more than usual. For two days now my opening NASDAQ price has been wrong showing a gravestone doji instead of a black candle. Comparing prices on some stocks in a chat the other night, we also noted discrepancies in various intra day price quotes regarding highs, lows etc. Good Luck, Lee