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

To: Chris who wrote (23074)	5/10/2000 7:06:00 PM
From: Lee Lichterman III	Respond to of 42787

>>well, the AMAT broke the fork i presume.<<< Oh Yeah!! I was actually trying to buy today but work caused me to be late and I just missed by the skin of my teeth. I am dipping on the littler issues as they appear to be selling the big guns and rotating into the smaller ones crazy as it sounds. I actually bid at the ask and missed by a few seconds on CTXS but I refuse to chase so I let it run away from 38 1/2 to the close. Ouch! I almost pulled teh trigger on FLEX but chickened out. May have been a good decision judging from the market close and reaction to AMAT earnings but I will probably be buying SOMETHING tomorrow. Let me be clear, I am not looking for a sustained rally but only for a scalp and I think there is still a LOT of danger for the broader market. I am also going to do a strnge thing to me and only buy stock, NOT options as this market is too dangerous. 1400 was critical support for the SPX and when that broke, that told me this was serious. The late afternoon rally came up and kissed it from the underside and then dropped like a rock again. Bad sign!!! I haven't run all my charts yet but the first ones I want to look at are T, FLEX, CPWR, LU and GM. Again, I have't even looked at them but they were on my watch list and I didn't have time at work to watch and see them except for a couple of them. Good Luck, Lee