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


To: donald sew who wrote (24365)6/15/2000 2:32:00 AM
From: Lee Lichterman III  Read Replies (2) | Respond to of 42787
 
What are we all doing up tonight this late. This market must be confusing if none of us are sleeping.

What is your longer term stuff looking like? If you saw my post on our site, I seem to be seeing a rally attempt here and then a failure and steep decline. We would need to show some real strength and a break out to negate this view. I am seeing too many ascending triangles fail, too many cycles running up faster than prices, fake bounces off lows, failure to get over resistance line or else breakouts that fail after 2-3 days and then come crashing down.

There is more but I think you get the idea. OEX and SPX formed a gravestone doji today but the ramp up after the close in the futures will probably make that a non event.

I have the ideal close for the OEX between 775 and 780 now FWIW. I couldn't get a good feel for the QQQ.

I saw a post about the gold move but it wasn't as big as I thought. Apparently China is buying a bunch monthly now and the news wasn't released until Tuesday.

I still need to do some more pricing and research so going to keep it short.

Good Luck,

Lee