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

To: Terry Whitman who wrote (33432)	3/28/2002 8:41:23 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Agree, wanna fight? -ggg- I also agree with your post to John Pitera on all counts. I pasted his Japan Bank default article on our thread last night. The CRB is indeed trying to say something and the Gold action is backing it up. Should we follow Lassie and see what she is so upset about? -g- Japan has me puzzled as common sense and all the news says I should short it now that Mark to Market is ending yet it has a nice bullish flag so I am tempted to wait and see if they can push the JPN up to the 125 area again for a double top at least. As for our market, I have a ton of bullish signals firing off for the daily short term charts yet the bearish weekly charts are looming with a low VIX. If the daily buy signals get negated, we could go down hard and fast so I am thinking of staying away from tech and the more risky plays and just sticking with the more conservative, good FA plays. Gains won't be as impressive but I might get to hold a few days and still sleep at night. I was noticing last night that at least according to my data, I am getting extreme readings in both my new highs and new lows which normally doesn't occur. Normally they are inversly proportioned. I view this as a sign of the split market where money is slowly rolling out of the weak techs and other no earning stocks and into the previously unloved value plays that have real earnings yet couldn't catch a bid in the latter 90s because they weren't glamorous and didn't have a .com at the end of their name. Someone on one of the threads last night brought up a good point. Most of the new highs in the NASDAQ are not tech but instead are financials and medical stocks. I did a quick scan and they are right. Many are mortgage financials which makes things even more interesting considering that rates have bottomed and bad loans are starting to climb. Good Luck, Lee