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

To: Chris who wrote (6498)	4/29/2001 12:46:01 PM
From: Challo Jeregy	Respond to of 52237

I meant to respond to that chart and the indicator - that is one ugly chart!<g> The one ingredient that I have been worried about was that missing double bottom on the comp/ndx.

To: Chris who wrote (6498)	4/29/2001 1:29:59 PM
From: Lee Lichterman III	Respond to of 52237

I take it a buy requires a crossover of the red and blue cyclic lines? I suspect a double bottom will come at some point in the future though it could take a while. Looking through the charts of those stocks that came here first in 98 and early 99. They all seemed to follow the general rule of double bottoming around 6 weeks later and some even went as far out as 5 months. Still I see no rush for long term traders to jump on board. Just look at charts like WCOM, GM, BGEN and the slew of others that fell early on off of the April 98 or slightly later top as A/D started falling apart. They all did the pop, drop, rally then retested farther down the road. The bounces later still only resulted in long drawn out sideways action and they all have been stuck in trading ranges ever since. I foresee the same for the NASDAQ, NDX eventually and I believe Don agrees. I don't know of too many that think we will see the straight up moves of yester-year again. One sector that seems to be possibly done with the worst of it appears to be the software and IT sectors. I noticed this weekend they have all about played out the script and are now in those trading ranges. EDIT - Sorry you had problems posting on our site. Don't forget the first screen isa preview screen so you have to click the post button again to get it to actually post it. The second action sometimes is slow as it double checks for errors. Good Luck, Lee