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

To: Chris who wrote (39274)	12/26/2000 3:38:13 AM
From: Lee Lichterman III	Respond to of 42787

Do you track foreign markets also? Heinz, you lurking out there? I noticed a few things as I was scanning my charts this weekend. Most of Europe, Asia etc have followed us down but I noticed Belgium stopped dropping a while ago and has put in a nice basing pattern. I have no ideas about the FA on their markets but do find it very interesting that they seem to be immune to the recent duldrums the rest of the world has been experiencing. Will they be the first to bounce since they were the first to base or will they not bounce back as much since they had less decline to recover? Heck if I know but it is interesting to me and would love any inputs you all have. Also, in our market, the transports have quietly advanced 50% in the last few months. Hardly looks like higher fuel prices and a recession are being expected. Denial among hopes for a soft landing or is this telling us that better times are ahead? Something I think we need to keep an eye on. I still think we stall later in the week so I will scalp today and probably be looking for shorts later. My latest reading seems to be a pullback by next week and then a rally in January on hopes of a AG cut and post 30 day waiting period for tax loss selling to expire and people to start buying their shares back. I still think downside is limited to about 1950 NDX if that low and that the next low could be the double bottom. Good Luck, Lee