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

To: briskit who wrote (7104)	5/5/2001 9:33:23 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 52237

Might be. i still have only 54 as the target of any upmove though and it formed a hanging man on the weekly but with normal volume so at least volume isnt showing a reversal down likely yet. marketswing.com weekly marketswing.com daily What I just wrote on our site...... Site updated. Not sure of much this early. I have a slew of over bought indications, resistance lines being approached etc that point to a drop here. However, if we really are about to break out, it is common for my system to issue a lot of over bought signals all the way up to the first top and negated signals are actually bullish. FA says we should stop this advance and the TA is leaning that way also. I am tempted to go thermo nuclear short with LEAP puts but want to check everything out in detail over the weekend before I decide especially with XXXX being bullish as she has been on a roll lately. Our indicator made a strange move forecasting a steep selloff which came Thursday then it came down and kissed the old resistance line from the top and reversed back up into sell territory again implying a continuation of up first. Don and I will have to scrub this and see if there is another line somewhere we are missing or if this is setting up as a hard crash signal to come soon. NASDAQ Hi Low is at resistance just like everything else and the NYSE snapped back from it's over sold signal and is now running up with plenty of room for upside. Therefore, despite the slew of over bought signals I have on DOW stocks and a few sell signals, dojis and hanging man formations, I suspect the DOW may kiss the 11200 level before beginning a new wave of downward action. As I said, I need more time to digest all this. COT update shows that commercials decreased SPX shorts to about a net of 30K short but increased NDX shorts to about 11K Good Luck, Lee