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

To: Chris who wrote (24708)	6/29/2000 12:36:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

Well I was guardedly bullish until a few seconds ago when after writing my post I checked the weeklies and saw that we are at a highly possible reversal 50% retrace level on the indicators and have plenty of room for a sharp drop. I have only been paying attention to my daily charts the last week and those show many of the gorilla stocks over sold and ready for a bounce. Many stocks flirting with disaster here. SUNW is testing that 87 level again, the NASDAQ and NDX are testing thier supports from the last couple weeks activity. I am all cash and now trying to decide what to do since I missed the whole morning and don't have a "feel" for how today has gone. GE holding up well so far so as long as that doesn't break we have a chance. I see BRK A has been sliding though the last few days but I am not sure if that is Bufeft surgury related ( it was a benign polup ) or if it is real market stuff related. Weekly shows we could fall to the 3K level on the NASDAQ but the daily is pretty over sold already so I would have to lean to a bounce then drop. One other bearish thing is over on the MITA thread JT tracks RYDEX funds and we were at his market drop level as too many were in long funds and too few were in bear funds. He posts that we have always dropped when we got to these levels. Good Luck, Lee