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

To: Stephen who wrote (22579)	10/25/2001 5:56:39 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 52237

>>you've been lowering your target for the stock << Good Point! Yes, the FA did lag the TA there. I do have a cycle that shows we could be starting a 1931 style bull leg here but I just see no way that earnings could catch up fast enough. To keep the valuations from getting even more extreme especially when this slowdown has been worse than all other slow downs fo the past few decades and stock valuations haven't even dropped to where they did in the milder ones. I have never seen anyone climb a mountain by starting half way up before. -ggg- PS - NQ futures have already discounted the bad earnings news from after market hours and are now at new highs. Amazing that all bad news can be discounted so fast. I wonder if a pit trader tells his boss to go fly a kite if the boss discounts it and gives the guy a raise later that afternoon? Good Luck, Lee