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

To: AllansAlias who wrote (4670)	4/2/2001 1:07:15 PM
From: JRI	Read Replies (2) \| Respond to of 52237

Awesome job....really great work....thanks a lot eom

To: AllansAlias who wrote (4670)	4/2/2001 3:32:55 PM
From: Chris	Read Replies (1) \| Respond to of 52237

you really do some nice work.

To: AllansAlias who wrote (4670)	4/5/2001 9:25:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Sorry for the late response but I have been so busy I barely have time to post on our site much less here. I saw your post and it is great work. I posted a link to it on our site so hopefully you get some uptick in traffic. I was hoping for more of a washout and a tweezer or hammer candle but we didn't get it. Still this bounce was showing up on a few indicators ahead of time. As for my outlook, here is what I wrote two nights ago then again this morning...... By L3_Aka_L3 on Wednesday, April 04, 2001 - 01:22 am: Edit Updating the charts changed things a lot. Had to call Don to compare notes but volume picked up more than I thought on many individual issues. NYSE TRIN over 4, some targets being met and others looking like capitulation sells. If this keeps up, we could be finally getting the washout I was hoping for. Our indicator is nearing a bounce area but not a clear buy signal yet. Still it means we are getting closer to a good odds buy in point. Don has class signals and I finally am getting a few myself. More importantly my high low indicators for both the NYSE and NASDAQ have short term signals. These have good reliability although I would prefer to get class style signals which would require the mid term cycle alignment we are not even anywhere close to having yet. With that in mind, while there is no mid term or major turns showing here, there are good odds of a short term scalp trade developing on the long side. Don makes the final call but we will most likely be adding to our Profunds in the next couple days to try and make up for the ignoring of it we did lately. Due to the amount of drop, he may get aggressive so expect more than the usual 1K trade amount. We will increase it as we approach the 1063 target he has. Note we are also approaching my long term 1994 fork on the NDX. This has a high potential of pushing us into the expected trading range for the rest of the year. ( At least I hope so -ggggg-) That range runs between about 1200 and 1800 but a counter trend rally could over shoot going closer to 2000. I don't want to get ahead of myself though so one short term bounce first then we will worry about the larger mid cycles stuff later. As I mentioned to MrsWolf on the CTXS thread, I am suspecting we could get a nasty sharp scary drop before this leg is over. Trading the profunds is tough because you only get the end of day prices so we might be a bit early but option trades or regular stock buys might want to wait for a steep hard drop of epic proportions before dipping. I am expecting either a huge marizubo with a next day white candle to form a tweezer or else a HUGE intra day hammer drop and recovery. VIX should reach over 50 possibly much higher and huge volume etc. I don't see us going much lower than the 1063/1100 area on the NDX unless MSFT warns or QCOM melts to 18. I think most of the techs are finishing out their declines and this may be over by this week especially since Heinz has a cycle turn the 6th. I do hate that it lines up with warnings season though. Nothing like Rolaids moments. -g- Again not saying to buy as there is about 300 points on the NDX left and about 500 DOW points left but the SPX target is near as is the OEX target. The QQQ is sitting on my lower tine, the high low is saying the bottom is close and our indicator is also showing the bottom is near. Now we just need confirming price, volume and fear. I'll be glad when this week is over. Good Luck, Lee By L3_Aka_L3 on Thursday, April 05, 2001 - 08:57 am: Edit Stockwolf - The news from DELL is more of the reason I think. DELL said they were comfortable with earnings although they did guide revenues down a touch. They say there is no inventory problem yada yada yada. IBM also said there was no inventory problem which helped. EMLX just warned however but it seems no one cares just yet. I had a long distance call that went all night thus my lack of comments here. I am late for work so can't say much. BAsically this may be the bounce I talked about the night before. Don made the trades based on such so now all we can do is hope for a good day and see how long this lasts. Wild card will be tomorrow's employment numbers that will be released before the open. Can we get a rally that lasts more than a day and a half??? This would have been better had we tanked harder yesterday and given us a clear cut buy trigger on our indicator instead of a bounce off a trend line like happened. As such, all we can do is wait and see. Good Luck, Lee