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

To: Chris who wrote (23058)	5/8/2000 10:32:00 PM
From: bobby beara	Respond to of 42787

Chris, that island gap has been pointed out by many bulls as a bullish reversal, but it means nothing in a trading range. if the island gap happened off the bottom it would be more meaningful. i would urge caution on the long side, i have a completed five waves up on amd, which is the only semicondutor making new highs here, (disclaimer i'm short). i believe the march 10th top, was degree higher than the 1998 top and will require much more correction. as i've noted on this thread, many bull market leaders are making lower lows and lower highs, yhoo, msft, qcom, aol, amzn, etc. don't dismiss MSFT's leadership demise as just caused by the feds, it is more systemic than that. b

To: Chris who wrote (23058)	5/9/2000 12:06:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

Possible on the break down out of the flag/wedge but I am not seeing the increase in volume I would expect to see in a break out of the formation. Until there is volume to confirm teh break, it could just be a fake or whip saw. Funny but I am starting to get some buy signals tonight. Not sure what to make of it. Either way it goes, it should do so fairly soon as in teh next 2 weeks max. I am starting to wonder if some sort of a straddle might be the best way to play this as I think the next move will be large. The QQQ is too expensive as is the OEX so maybe a DJX LEAP call and PUT straddle? Maybe the TYX to take advantage of teh Bond swing that should go with it? Maybe a index bellwether? Ideas???? Welcome Back Dennis, you were missed. You didn't miss much though, volatile up, volatile down, right back where we were when you left. -g- Good Luck, Lee