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

To: Terry Whitman who wrote (32933)	10/13/2000 7:30:57 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Thanks, There are numerous potential resistance areas and most people tend to watch the NASDAQ and NDX since that is where the most volatility lies but I am anxiously watching the NYSE. Last weekend I posted on our site that a break of the wedge would signal strong selling which I think worked. I totally agree with most of the resistnace levels posted here but I will be watching the old support line of that NYSE wedge to see if we can get back in. If it fails there, I think longs are toast. Of course I won't rely only on this chart but will also be watching teh other major index's forks but this one will get the most attention. My NYSE chart is here... marketswing.com I think you are right about the election changing the normal market patterns. I think we would be heading lower much faster but Clinton and Gore aren't total idiots. They know Gore doesn't stand a chance if we tank into the election and will put pressure on the liquidity faucet controller to keep the taps running full blast if the election gets close and the market looks shaky. All it will likely do is delay the inevitable and if they do have to turn the spigot up full blast, it should help Gold and other commodities. Mexican sounds good. We are headed to Red Robin then to a concert. I am trying to stall though as I am bidding on some monitors for my new system. Good Luck, Lee