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

To: Chris who wrote (24382)	11/18/2001 12:18:41 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Thanks, you know me, I love to stir up a hornets nest if it will get discussion going. -gg- On that 747 game, I noticed there weren't any screen shots of him landing. He did practice landing I hope! If not, I know some men in suits that would like to talk with him. -g- As for the valuation discussion. A news item talking about the same stuff we are....... siliconinvestor.com "For that reason, rosy tech industry forecasts should be treated with caution. Consumption will eventually rebound but the shape of the recovery may be a far cry from what tech companies were used to in the 1990s, when business spending climbed by 20 percent or more each year. ............. U.S. corporate earnings will recover in the second half of next year but because of that lag effect, the companies won't start spending again on technology until late 2002 or early 2003," .......... In fact, for the first time ever, worldwide spending on IT will drop in 2002, as companies run a red pen through their budgets due to the economic downturn. American companies' spending on technology is expected to be down as much as 5 percent next year after increasing in 2001 by some 8 percent, says Meta Group's annual survey of large computer users. The rest of the world's spending is estimated to be flat after this year's gain of 6 percent. In other words this year was better than next year will be??? I agree on TA but I have sold most of my longs and am completely out of tech. I show more upside possible in the weekly charts but my daily charts have class one over bought signals on the NDX, NASDAQ and QQQ. I have one short on in tech but will start adding aggressively if we push up to 43 on the QQQ. In non tech, I am looking at longs in teh chemical sector on the next pullback if oil stays weak but will be hedging long term with some oil buys. I just don't see the middle east staying stable in the time frame of years. Besides if I am wrong about the economy and there is a bounce and return to the good old days, then with all the cuts by OPEC over the last year already, oil prices should rebound as demand increases again. Natural gas supplies are still at multi year highs so though November is usually the best month to buy NG, I just cant stomach it this year. The winter has been too mild thus far and the supplies are just too stock piled. Probably next year for them after this year makes the buyers gun shy. Good Luck, Lee