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

To: Paul Shread who wrote (6529)	5/1/2001 1:27:40 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Pretty much agree with your outlook. As I said this weekend, I would need to see NYSE above 670 or so to get longer term bullish. I hate to gauge moves on the DOW since it is only 30 stocks and is so easy to manipulate. Buy the highest price ones and you can really move that index quickly. Buffet moving out of the FNM etc is a bad sign for the banks as we have been warning for some time. He is early so we probably won't see it for months or even a year but I think problems are lurking in the derivitives market and currency spreads. My High Low charts approaching seriously important levels and I will be eagerly watching to see if they can break above the resistance lines. Also as I said earlier, our indicator is saying this is a top. How big a top is unclear and it may not be anything big but I want to see the pullback before betting too big. I may nibble a bit as the gap closes in the NDX if it happens as we suspect it should. Then with stops in place, I will add if we reverse back up and start running for 2200 NDX. After that, I will really have to see some bullish signs to keep from going short in soize as Maria B says. Warnings season isn't that far away and ORCL is already coming early to the warning party tonight. How many more will start chiming in soon? Good Luck, Lee