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

To: dennis michael patterson who wrote (27533)	8/12/2000 9:10:43 PM
From: sidney-8	Read Replies (2) \| Respond to of 42787

H&S on adbe, gtw, nt 60min; evening star on jnpr daily; gilligan's island on gtw; nt falling; lvlt breakout to the downside; beas starting 3 of 5 down (I hope); 2 lower hi's on c. It's good to be a bear. We'll see what happens next wk. mike

To: dennis michael patterson who wrote (27533)	8/12/2000 10:18:03 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

I am not a member of decision point so I couldn't see what you linked. I took a look at my charts on the XNG though and I see a mixed picture. It is testing the previous high and has a bullish reverse ascending triangle. My weekly chart is fine coming off a nice hammer bottom and 2 large white candles. Another one next week on a break out and it would be a 3 white soldiers formation which is very bullish. he dangerous sign is I have a daily chart class 1 over bought as of Friday's close just as it is testing that previous high. A failure here could stall it out for a while. FA wise, I am bullish on natural gas. The power problems lately have all the generation plants going full bore as far as capacity is concerned and I read that stock piles are lower than normal. If we have a hard winter, prices could really start sky rocketing. Chart of interest to me this weekend. TYC, straddle play or else bet on the break out on this flag. Straddle is safer. I have little free time this weekend so I may not decide much for this week. Looking at my weekly charts, I saw that there was much more room on the upside in individual DOW stocks than I thought. I still dont see the FA on many of them though. PG trying to rally when they already admitted they were dead meat for the next year. MMM does a rally like thins about twice a year and it reverses and collapses everytime. Of course there are new suckers born every minute -ggg- BA running? Give me a break! From what they are telling the DOD on this joint strike fighter project they are in a bidding war about, the loser of this contract will likely go bankrupt. If BA gets it, the gamblers will be proven right. if Lockheed gets it, BA may be worth Zero this time next year by their own admission. Congress was even considering letting both firms manufacture it and splitting the revenue 60/40 with the winner of the contract getting the 60% just so we wouldn't end up with a monopoly for future fighter and bomber contracts. I think this rally may be an attempt to rally out of desperation rather than FA. The only DOW stocks I like here is maybe UTX but I haven't looked into it too much yet. IBM may do OK if the new server they are releasing later is accepted by the street and the funk on mainframe IT lifts. Good Luck, Lee