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

To: Eddy Blinker who wrote (41317)	11/28/2002 12:35:42 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 52237

Works for me in IE6 but don't know what I am looking at. Any explanation? Open HIgh Low CLose, then the gifs at the top of the screen mask what the "extra" number is. I noted ona 400 point down day that your "extra number" was -193 so I assume it is a Moving average or formulated extract. That line said to "sell options as high as possible". I guess I don't understand what this is supposed to be doing or telling me. I haven't posted here in a while so a few of my musings from our site on marketswing....... Just noticing as I run through some charts that a bullish arguement could be made for turn around. I went to my old beat up folders like B2B and found that many if not most of them put in long rounding bottoms, 6-9 month bases in those penny stock areas and are now outperforming the major indexes taking out the August highs easily and threatening the highs of March or December last year. I am talking real trash stocks like AGIL, ARTG, BVSN, CMRC, especially CNQR, EPNY, HLTH, etc. If the other indexes and stocks do like these, this rally could last longer than we expect. Another thing that I have been noticing is defensive stocks are also weak. I mean stuff like BUD, MO, etc. Darn valuations are all that keeps me from buying this spin story. Every CEO, CFO and IT survey I read says no one that matters is buying this turn around or planning on spending next year. It is still J6P doing all the holding of the economy up. If we are indeed in a turn around for business, the corporations might want to hire temps instead of salaried workers until they are sure business is in a sustained uptrend and merits hiring permanent workers. KELYA and MAN seem to be implying such though other temp services stocks like HSII, PGA, RHI, SOSS and TMPW don't have as bullish charts. ======== Another thing that had been keeping me from buying this turn around story was the weakness in box, crate and packaging stocks, they have vaulted up in the last two days. Most now look like CUNO giving merit to this bounce. As for the consumer, I would have thought the huge debt burden and realization that things are not good with job security etc would have sunk in by now and slowed spending. However, "Never underestimate the stupidity of the American public!!!!! While waiting for the Leno thing yesterday, we were hanging out in a Mexican Resteraunt across the street from the studio. While there I over heard some woman talking to her boyfriend that she had just bought a new car. She said she was just realizing she over paid and wasn't sure how she was going to afford it. As he quized her, she revealed that her payments were $522 a month over 60 months and it wasn't that nice of a car. This puzzled him so he asked what interest rate she was paying when she refused to reveal the make and model of the car. OK, are you ready? -g- She paid 15.5% interest on this car and has a car payment that is about equal to my house payment in Idaho!! They must have seen her coming from a mile away. My point is that apparently there still is no fear to going into major debt. This gal was probably in her mid twenties, didn't speak like she had any education nor a great job. Unbelievable. Good Luck, Lee