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


To: Poet who wrote (4352)3/28/2001 10:11:57 PM
From: Lee Lichterman III  Respond to of 52237
 
I am not abandoning it completely yet. This could still be a shakeout but it sure looks convincing to me. <ggg> I want to see 1450 hold, and hard selling over the next couple days. Better hard selling to climax this out than the slow bleed of the last few months. If we don't bounce by Monday afternoon, then I get worried.

My main concern is the weighting of MSFT for the NDX and IBM for the DOW. Of secondary concern is all the semis and semi equips. These all are in denial of the slowdown and due to either their weighting or the number of them on the indexes, a drop in those issues could really weigh down the indices.

I actually think we are getting close to the lows in most of the other stocks though. BWDIK

Good Luck,

Lee