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

To: donald sew who wrote (25602)	7/19/2000 9:16:45 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Just wanted to point out the unusually strong dollar today which I don't fully understand. As long as the dollar is strong, it should help hold up teh market since the two usually coincide their moves. However if the dollar weakens or today's strength proves to be an exaustion move up before a strong decline, it would bode badly for the rest of the market. The reason I am suspicious if teh dollar's move is the European CPI cam e in very hot yesterday which should hint at them raising their rates. This coupled with the talk of Japan also raising their rates could narrow the gap between our markets and thiers and prompt some cash leaving US shores and heading back home to overseas markets. Something to watch. We were biased highly to the upside on GLOBEX this morning but are now teetering on the edge of sell program territory. Still , the selling should not be as bad as it looks. Probably about 2 SPX points. Earnings not too bad but no blowout that I saw. C and DLJ kind of shaky but EMC did well. MSFT trading down about 2 in pre-market. Before this entire move down is over, I expect to see around a 4000 NASDAQ and have a possible drop in teh NDX to around 3600. I have to go to work, Good Luck, Lee

To: donald sew who wrote (25602)	7/19/2000 9:49:27 AM
From: Kip518	Read Replies (1) \| Respond to of 42787

Don, as we know, tomorrow is Greenspan's Humphrey-Hawkins testimony. The market always seems to decline on H-H day -- conforming here, perhaps, to your 3-Day pattern.