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

To: Paul Shread who wrote (26625)	8/2/2000 5:41:24 PM
From: donald sew	Respond to of 42787

Paul, In retrospect, I feel that the bottom in 1998 was fairly clear in that there were quite a few positive divergences in the technical indicators. I say in retrospect since I did not nail that bottom. gggggggg

To: Paul Shread who wrote (26625)	8/2/2000 11:18:20 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

What I recall about that bottom was that it was a lower low "W". At the time, many were screaming it was a buy but there was so much uncertainty on if a "real" bottom could be made on a lower low. Even Jerry Favors was bearish until the recovery was half over. EDIT to my earlier post. Just to clarify. When I say I lost it all. I did not go bankrupt or even lose all my trading capital but I did lose most of it and it was bad enough I had to add to my account to get going again. My case was a case of too much confidence and a failure to study fully the gravity of the change in leverage I was entering. a 3% drop in stock price can move an option down 20% or more depending on strike purchased. Good Luck, Lee