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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 (27807)8/17/2000 9:09:21 AM
From: Lee Lichterman III  Read Replies (2) | Respond to of 42787
 
I've spent the last two days trying to figure that out myself, almost wrote you yesterday and it is one of the LEAPs I was pricing. Unfortunately, the two levels I see are faaaaar apart. Either around here (high 60s) or 50 are my two support areas. We are in the bottom of the latest trend range but the longer term trend line is down around 50.

I think it depends if the market holds up here or if we get that big sell off early. For now, I am watching and waiting for signs of support. I almost bit yesterday but the loose interpretation of a possible 3 black crows is making me extra cautious. SFA does still have all cable contracts except for AT&T so I don't think the FA has really changed on it, still it was grossly over bought for the last month or so.

I'll send you a chart so you see what I see.

Good Luck,

Lee