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

To: AllansAlias who wrote (29102)	9/5/2000 9:42:52 PM
From: Casaubon	Respond to of 42787

yes

To: AllansAlias who wrote (29102)	9/5/2000 9:44:53 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

>>TA is most often a harbinger of news.<< Kip's comments remind us that, in the case of INTC, it ain't so. I am glad to be long INTC. I haven't owned it since INTCW. Remember those?

To: AllansAlias who wrote (29102)	9/5/2000 9:45:14 PM
From: Oral Roberts	Respond to of 42787

I hate to speak about the black helicopters or who killed JFK, but if we all think that we get the news at the same time as everyone else, I think we are naive. I believe that T/A will telegraph the people in the know buying or selling before the news hits. We either react to that or react with the herd when the news finally does hit IMO. I've thought for years that the sell on the news was the herd, and the people in the know were already waiting on the sidelines for what we are just hearing. Jeff Roberts

To: AllansAlias who wrote (29102)	9/6/2000 12:28:43 AM
From: UnBelievable	Read Replies (1) \| Respond to of 42787

True

To: AllansAlias who wrote (29102)	9/6/2000 1:18:53 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

I would have to take issue with your statement that news does not over ride TA. I can speak from personal experience and I think many other "chart chasers" would agree that at least one example of this would be when AG dropped the interest rates 15 minutes before the close producing a massive short squeeze that hurt me to no end a few years ago. I was 90% short and the charts were screaming that the next Monday would be a black Monday to make '29 look like a pimple. I can't recall one bullish thing on the charts that day and that was one trade where I was very very comfortable. Apparently AG was looking at the same charts. <ggg> I don't think there was any way of predicting that move. I would also point to the suprise earnings warnings etc that take a rallying stock and cut it in half in a matter of minutes. As for the market I am actually fairly bullish here so far as I had us very over bought and way over due for a drop. In the face of the INTC downgrade and the collateral damage to the other heavy weight techs, we held up pretty good today IMO. The Market internals were not very bearish and the dollar stayed strong. Now if the internals deteriorate or the dollar collapses or the wedges are broken on volume, then I will join the bear camp. Until then, I think we should only expect a fib retrace and some volatility as futures contracts are rolled over to December. I have many DOW stocks ready for bounces and a few techs held up very well. I agree with the poster that said to watch CSCO, although I would add SUNW to that but I feel the dollar is most important. Good Luck, Lee