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

To: Les H who wrote (23274)	5/22/2000 6:12:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

>>In a bear trend, Monday or Tuesday is the bullish reversal. The trend at the end of the prior week is usually extended to lower low (bear trend) or to a higher high (bull trend) then reversed. Tuesday and Thursday+Friday are the strong continuation/follow-through days. << So today was a bullish reversal then we should expect more upside tomorrow with a reversal on Wednesday then Thursday/Friday continuation down for a reversal back up next Monday? Did I get that right? Wow! I never paid that much attention to each day. I only paid attention to Fridays and I always figured the odds favored an up afternoon on Fridays since the J6P indicator worked so well but sometimes it did start with a down morning then a late rally to minimize the damage for the close. Everyday I learn something and this sounds like something I should have learned a lot sooner, where was I on that day? Just scanned some charts real quick and it appears you are correct ( as usual). I was actually leaning toward a down beginning of the week and then a reversal up late in the week on the China trade news or something but maybe it will wait another week since I don't think this is it quite yet. I also just looked at my NASDAQ chart and I just don't see any good support here to rationalize a hammer bottom other than the obvious retest of the previous low. Therefore I am leaning towards a head fake, short covering rally and more downside but I am often wrong. <ng> Good Luck, Lee