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

To: Terry Whitman who wrote (5428)	4/10/2001 11:40:16 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

Terry;, >>>> Interesting patten on the NH-NL chart. There has been a decreasing net difference in NH - NL over the last month or so: stockcharts.com <<<<< Good observation.

To: Terry Whitman who wrote (5428)	4/10/2001 8:27:02 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Site updated. High Low chart giving a sell as expected. NASDAQ = marketswing.com NYSE = marketswing.com There is a slight chance the NASDAQ could keep going since it did get over the resistance line at the same time it triggered the over bought signal but it is a tough call. ADX is so neutral it is of no help. If anything, I would at minimum tighten stops and make sure you have pre/post market trading capability for when the earnings and economic numbers come out. A few DOW stocks also have ominous looking candles today. I saw a few hanging man oformations and a gravestone or two. MRK, JNJ, CAT etc were a few and AA looks like it is begging for an evening star. I also have a LOT of short term over bought signals on DOW stocks. Techs just look like a typical bear rally. Straight up over done buying. Nothing to clue us in on how long it lasts though. Sorry. With all the news about to be released and the flood of numbers about to be released, I am sticking with what I said before and will be hedging like mad tomorrow. GLOBEX triggers are slightly biased downward. SPX fair value is around plus 4 so we could be up slightly less than two and be in program sell mode right off the open. Just to put things in perspective, NBR pointed out that today was the first time MOT has lost money in 15 years. Seems I recall something like this from MSFT and CSCO before the last leg down started. I am not trying to be excessively bearish but since the talking heads like to only talk positive, someone has to talk reality. We are still overdue for that wave four counter trend rally so this could be the start of it. Bad economic numbers could be welcomed or even desired by the street since it seems things hinge on if the Fed will cut early or not so heck if I know how they will react or spin things. Good Numbers might be sold or bought and vice versa. Reality is that earnings are slowing or disappearing. The brokers are being hurt due to less trading as E-Trade pointed out today with their dismal report and the retailers should start feeling it sometime down the road. I will be surprised if there isn't at least some profit taking tomorrow ahead of the PPI, retail sales report, YHOO earnings and JNPR earnings. I know I will be. -ggg- Good Luck, Lee