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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 (6009)	4/19/2001 4:14:53 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

One heck of a move in LU and XRX today. You holding either?

To: Terry Whitman who wrote (6009)	4/19/2001 11:09:40 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 52237

>>We need to take another look at the NH-NL << I am showing the ratio between new highs and new lows back to where we have reversed each rally attempt thus far. Actually, we have been there the last couple days and we have stalled. This is on the NASDAQ, the NYSE hi low ratio reversed downward as of today right on schedule. I won't go long except for day trades from here on out until we get a retrace of some sort. This may go up more but there is just too much exuberance for this to be for real. Markets don't "V" bottom from a year long bear and everyone decide they want to pay twice as much for something as they did 2 weeks ago. This has wave 4 sucker rally written all over it. The bear squeeze is just adding temporary fuel. Good Luck, Lee