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

To: Chris who wrote (23489)	5/24/2000 3:24:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

I messed a bt with moving average cross overs and yes they back test well in a trending market but obviously lag. Good for trading stocks but they make you miss the premium swings when trading options. I like to be ahead of the curve. I was filled on my daughter's order but my son was not filled. I got a partial position on. It is tough trying to switch between 3 accounts quickly. Here is to hoping tomorrow's news is good and this rally can build some steam. Looks like it is trying to build back some support here at the 1400 SPOO. Also I previously stated I wanted to see what the NAS did at 3200. I meant the NDX. There is some resistance on the intra day charts at NDX 3200 that I want to see tested. I will tighten my stops as we approach that. Good Luck, Lee

To: Chris who wrote (23489)	5/24/2000 3:38:00 PM
From: donald sew	Respond to of 42787

Making no new trades today. Am suspecting the possibility of ZIG-ZAGs continuing, so will maintain the hedged position in the URPIX/ULPIX(spx). seeya

To: Chris who wrote (23489)	5/24/2000 7:45:00 PM
From: Lee Lichterman III	Respond to of 42787

Some posts I just made at the home site..... I just updated all but the NYSE charts but I need to go through them at my normal screen size since what I saw during the update was confusing. We had good volume today (up 50%) and many of the tech leaders looked like genuine good solid bounces that could rally for an extended period. The confusion stems from others that seemed to only probe downward and then bounce in such a way that suggests a retest later and possibly soon. The DOW 30 also were split with many already signalling sell signals, bearish formations etc while others are signalling buys or else look like they could try to run for a while. Banks, Retail and Biotechs were weak. The techs carried it such as IBM, INTC etc but IBM is looking tired and a possible wedge. Rotation? The techs I liked were near the beginning of my update so I was very bullish and then it soured as I made it through the rest. AMAT, CSCO, the OEX/SPX etc all made nice tweezer bottoms or hammers. However the NASDAQ just doesn't look right to me. The body should have been sitting on the 3K line, not probing it and bouncing so strong. The NDX would have been perfect if it hadn't rallied so hard forming not a hammer but not a tweezer either. I also don't like that they closed almost everything right at resistance levels. For the most perfect hammer formation, I give the award to QLGC. Class 2 buy signal, hammer sitting perfectly on my fork tine, good form etc. Must be a fake and ready to tank 99% tomorrow -g- AG speaks tomorrow, we have the economic news before the open so tomorrow could prove to be important although Friday's data is more so as for economic news. Amazing also that the Judge in the MSFT trial ups the potential damage to MSFT by wanting to split them 3 ways versus two ways and they rally the stock. Is this like rallying hard right before a Fed meeting where AG talks about irrational exuberance? Come on, I dare you! Must be the split mentality, yeah, yeah, it is like a 3 for 1 split. Buy Buy Buy! Clinton showed that campaign contributions really can buy a government and managed to get the China trade deal through the house so he can sell B-52s loaded with Nukes to them before we go to war in the future over Taiwan and kill more of our own sons and daughters. I love this guy!!! I wonder if I contribute enough to the Gore campaign, he will make it a law that any stock I buy must go up 100% a week. Clinton makes Benedict Arnold look like a war hero. (Sorry for ranting) EDIT - They sold off the futures slightly after the close so the bias is down slightly. Of course it will all come down to the reports but so far, the China news isn't rallying the futures and they are solidly in sell territory although it is early and this is the lightest volume period. I have no doubt that Asia will rally tonight since we were up. Good Luck, Lee 8888888888888888888888888888 I decided to go to my weekly charts to use as the tie breaker and as I did, I have to say that I am not impressed. Although I still have the buy signals and am a hairs width away from getting them on the rest, I show that we are not at the bottom yet and that my buy today was likely premature. The only weekly chart I liked was the NDX, The rest look like they need to go lower before a real bottom is in. I won't argue if we do go higher since I am so close but my weeklies just don't show that this was it and it might be a fake out. I will add however that I agree with Barry in that we are closer to the bottom than the upside potential. Of course, the upside is the big unknown since it depnds on if this is really a true bear market starting or just a severe correction. Also, I like getting the REAL bottoms and not the "almosts". -ggggg- Again, I am not convinced this is it so I may just step back and let this run and wait for a better entry later for the rest of my entries, my larger positions and my option trades. Good Luck, Lee