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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 (27802)	8/17/2000 8:22:29 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

>>Not comparable to the 1999-2000 tech ramp << Good Point but we will still have to see. I have seen this market bounce back from the dead too many times. Look at the nets the past few days as well which I forgot to point to. AMZN up 10% in one day, EBAY up big the last couple days. Now I agree with you they were over sold bounces but they were big bounces which just shows there are plenty that are still willing to pile into a loser stock as long as it is running. AllansAlias - I agree with you, I am not THAT bullish, I just see the potential for a rotation from DOW to Tech. Futures have reversed over night to down but we still have a strong up bias due to post regular session and pre GLOBEX activity. Mainly I am looking at the same type moves from over sold that we had in other over sold stocks Last week, I am not saying it will be a long term trend change yet. I agree with Don's outlook further out for a decline in September although I am planning on playing some LEAP calls today in some over sold issues. I will scalp and be quick to take my losses if I am wrong and take small gains if I am right. Good Luck, Lee