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

To: Lee Lichterman III who wrote (36380)	11/28/2000 7:04:59 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

I haven't read any of SI yet much less the 180+ messages on this string yet but am just popping in to copy a quick note from our site.... Sorry I couldn't do the page yesterday but I worked a shift over 24 hours long and today just crashed to sleep and am getting up just long enough to update the charts and write a quick note before going out the door to do another long shift. Obviously I was premature in my bullishness however the danger signs to look for hinting at a break down did occur. The dollar started losing value Sunday night and Gold started moving up quickly. The XAU broke through the resistance line. Also what I thought were good short candidates since they were IMO over bought defensive issues continued to draw bids. The flight to safety obviously was not over and the tech indexes took the brunt once again after some downgrades impacting the SOX. I was stopped out of all my longs yesterday so I only hold a couple long term positions now and am otherwise flat. Due to my inability to pay attention to the market during my long work hours and inability to trade, I doubt I will do anything this week at all long or short. I don't like the appearance of the index charts as it now looks like we could head lower. My indicators are still not that bad looking so I am not convinced either way for most indexes except that the SPX does appear to be trying to head all the way down to 1274 but that measured move isn't really in line with my other index reads. Note I am so short on time, I hesitate to even try and make a call here. All charts except the 3 line break charts are updated. I have to head out the door to work now so all I can wish you is good luck and watch the dollar and defensive issues for clues. Good Luck, Lee