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

To: Mike M who wrote (8456)	6/4/2001 1:27:23 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Bulls bears and pigs was a motto of a group I ran with a long time ago and know it well. -ggg- Regarding rate cuts and liquidity, possibly. The rate cuts though are mainly benefiting banks, note mortgage rates are climbing again as inflation fears loom once again from all this money creation. As for an up wave hitting. I fully expect it as does Allans E-wave count. We still have an up C wave to count out before we should have any sizable decline. Many things point to Mid June though and I have numerous preliminary cycle turns coming in Late August/September so I think that is the latest a big move should occur. The wave counts have just been too clean to not have a drop. One interesting thing talking with Don tonight when we were discussing the Head and shoulder on the NDX is how it measures out to be almost a perfect double bottom area. That will have us all scratching our heads if it occurs as we try to decide if we should switch long or not. Recall that wave 5s are fast and furious and it will be tough to want to go long as things are plunging, assuming it does occur. Good Luck, Lee