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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 (9085)	6/14/2001 8:00:16 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

Not totally sure if it is a legitimate WEDGE on MSFT, but I would be cautious. I recall that LEE has stated that MSFT by itself is 10% of either the NDX or NAZ; therefore a significant drop in MSFT will hurt the NAZ alot. Here are the coordinates: UPPER TRENDLINE - highs of 4/20, 5/8, 6/7 LOWER TRENDLINE - lows of 4/18, 5/18, 5/31, 6/13 Im hesitant to call it a BEARISH WEDGE, but to me, it aint looking pretty, especially the decreasing volume as this formation rose.

To: Paul Shread who wrote (9085)	6/14/2001 11:51:53 AM
From: isopatch	Read Replies (2) \| Respond to of 52237

Paul. Did most of my selling yesterday per prev post. Looks like my timing was pretty good today. But to be perfectly honest, don't consider myself much of a ST timer. Don't trade the indices. And of course each stock has it's own little FA and TA world AND tape patterns to become familiar with. If I hit the barn on ST timing, I'm happy.<g> When I was a broker with one of the top W.S. firms back in the 70s and early 80s, learned to work with Intermediate Term (1-7 months) holding periods and have focused on that ever since. The market may be trendless much of the time. BUT, there's almost always one or more sectors and some excellent individual stocks that are trending. Took a few years to develop my style. But have just followed my own work in recent years. Back then it was the FA folks at the firm that were hard to get any time with. We had a superb TA dept that was very accessable and I tried to brainstorm at least once a week with one of that stellar group. Many of them later went on to run the TA depts at other firms. Lou Smith, Phil Roth are just 2 examples. Only talked to Prechter once. He was about to leave the firm to start his own biz then. Bob Farrel was dept chair at the time. What a guy. The modest, low key, mental giant of the firm. Listening to his weekly market analysis on the squawk box taught me more about the variety of ways to apply contrarian thinking than any book I've seen. Consider myself very lucky to have learned bits and pieces from some of the masters to assemble an approach that's worked well for me over many years. One thing I've learned is that there's no one way to play this game and win. I've seen outstanding traders with vastly different methodologies who've enjoyed good success during long careers working the markets. That's one of the things I enjoy about this biz. The best people are often quite unique and different from one another. Isopatch