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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 (7131)	5/5/2001 4:06:40 PM
From: dennis michael patterson	Respond to of 52237

Gee Paul, I wonder if Steinberg's "change of mind" (induced by a "lack of faith") was induced by "artificial means"! My understanding of the bullish economists' arguments has been that they all believed the consumer would save the economy. That clearly will not happen. But no matter-- it's all technical at this point. If Csco can BS Wall Street this week, we may break 2300. I still think it's going to 7.

To: Paul Shread who wrote (7131)	5/5/2001 7:37:56 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

I like your version better. It may be only acedemic but you have 3 touches, he doesn't. It takes 3 touches to make a trend line and you are supposed to use tops in downtrends and only use bottoms in uptrends. Picky aren't I. <ggg> COT numbers were buried in one of my earlier posts.... COT update shows that commercials decreased SPX shorts to about a net of 30K short but increased NDX shorts to about 11K . The specifics are over on the CFZ somewhere. Being the first week of the month, they aren't offered anywhere else I know of for free. TRIN seemed a little high in the NYSE issues Friday but not bad. I agree with Chris, confusing day and I don't think we were the only ones. I was reading the real no kidding release and it was much uglier this time than the last few. Before it was all manufacturing and other low brow types. This time the layoffs were spreading to the higher paid types which will impact consumer spending a bit more. Not trying to sound elitist but the typical J6P is already maxed out on his cards generally 3 weeks after he gets one and isn't out buying a whole lot of stuff. The higher paid guys are the ones that buy new toys constantly and want the latest tech gizmos, flip cars every year or two etc. When they get laid off, it shows up more. This was the first month those guys were really taking a hit. The news focused on dot com guys a while ago but it wasn't really that many people and they were finding jobs quickly. This time was different. Good Luck, Lee