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

To: Chris who wrote (4021)	12/4/1997 7:56:00 PM
From: Robert Graham	Read Replies (3) \| Respond to of 42787

What?? Did I hear someone say that the "Stock Attack" thread is on the hit list again?? This pronouncement took me away from the Don Green episodes on the day trading thread, the desk trading thread by Steve Goldman, and any other thread this guy visits. But I do not think I am missing anything. Boy, the market must be uneventful for the Don Green saga to interest me. I did see the Dow move and stay above 8000. There it stalled like the last time. There is no evidence of leadership, and the latest slew of high-tech earnings warning is not helping. Perhaps what we are seeing with the Dow is movement of money from foreign markets (Asian) to the U.S. markets. This type of movement of money takes place over a period of time. Still, I do not see the Dow going anywhere without leadership. Perhaps another industry leader will arrive to send the market onward and upward. Investor sentiment appears to be changing for the better. The market has basically ignored the Asian trouble. It was a "shot in the pan" news items that fed into the market's negative sentiment. But then the market quickly shrugged it off. The stock market never really takes a long term view unless it stumbles into one. And even then, as soon as the market shows renewed strength, the future is quickly forgotten in the focus on the "now" in terms of sought after profits in the market. A plus is Iran increasing their oil output which will help keep that component of inflation low. The commodity market was falling the last time I looked. However, the more recent economic reports as a leading indicator have been showing definite signs of upcoming inflation. However, because of the anticipated drop in oil prices, the airline stocks responded by doing well. This announcement has evidently helped to deflate more the interest in the oil stocks. So I would not be hasty in jum;ing into the oil related industries. No time to be looking for "buys" on those stocks yet. But there are possibilities with the industries that benefit from lower oil prices. I do not see the defensive sectors (not defense sector) hitting the ropes yet. I do not see solid evidence of that money that has been standing on the side moving back into the market yet. Until I see the institutions move their money back into the stock market, I do not think there is any chance of a sustainable rally. The retail sector has been doing well. I suspect this is one reason that there has been this Santa Claus rally over 8000. Look to the industries and the stocks that have been showing good relative strength over the period of this correction, and that have responded to the Santa Claus rally. I think these stocks will be the ones that will do good in the next bull run after this correction has been left behind. I do understand that even though the tech sector is languishing, there have been some specific stocks showing strength, and some of these stocks are leaders in their industry. This is a surprise considering all the earnings warnings in the tech sector. This is something worth noting. I think this includes MSFT, IBM, and CSCO, to name a few. DELl looks like a possability because of its positive earnings report going against the trend, and the stock responded. But IMO it still needs to close above its 50 day MA before being worthy for consideration. This is not a market to bottom fish in. I will return after soon after I get my stock database up to date and finish solving the curent problem I am having on this project of mine. I hope to be back in about a day. Who thinks that we are seeing the start of another bull run? Who thinks that the next bull market run will not happen until sometime next year at the earliest, perhaps a later time in January at the earliest? Who thinks that we have seen the end of the great bull market run and it is down hill from here, perhaps after a lengthy topping pattern? What are your reasons, tehcnical and otherwise? Just thought I would start a conversation on the market. Bob Graham

To: Chris who wrote (4021)	12/4/1997 8:35:00 PM
From: Chris	Respond to of 42787

HIV chart as usual, i will be posting charts of "ta - experiences" which you'll begin to see everyday.. as you see more of them, you'll learn to react before it occurs.. more like pattern recognition.. geocities.com notice how it broke below the 50 day ema (dotted red line) 2 days ago.. now, it's tanking.. ==================== im also in the process of building a 2nd website which should be completed early next year.. in the meantime, main webpage for info/research/css system: geocities.com =================== any lurkers out there, please feel free to ask and discuss..