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

To: Chris who wrote (7531)	5/16/2001 2:39:10 PM
From: Lee Lichterman III	Respond to of 52237

Too busy babysitting positions to answer all posts right now but I have been posting all along on our site. Basically yes, I am confused as heck FA wise on this. I am also confused a bit on the DOW being so strong as I had sell signals last weekend and was expecting down in non tech at least short term. Of course I am short the biggest mover on the DOW so lost a bunch on that one. I have Julys and they aren't even worth salvaging so I can hope they warn before July expiration or we get some major down in the triple witch next month. I straddled the QQQ though since I hated the FA but my system was saying to buy tech. I had a lot of extra buy signals on tech last night also so odds were good TA wise we would get some up. Figured the earnings last night would move it big one way or the other. Not sure the earnings mattered but at least it is moving. The only question now is how long will the glue supply last before everyone sobers up and realizes what they are doing. PE ratios on this move are now much much much higher than the March top and the FA is much worse. The Bond market is warning of bad things, Gold is moving and the Gas stocks are on fire. Mix this with California hiking the utlility bills and how is anyone in silly valley going to make any money. FA wise, I can understand some of the DOW strength. They aren't holding as much debt, the cheap money will allow even better things to come and the Basic materials are going to love the huge inflation the Bonds are predicting. Good Luck, Lee