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

To: Judy who wrote (7757)	4/22/1998 9:24:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

* FIB RETRACE FOR DELL **** all speculation.. geocities.com will explain how i did it in a later post.. gotta eat dinner.. note: my explanation wont be too simple to understand.

To: Judy who wrote (7757)	4/23/1998 10:41:00 AM
From: Chris	Respond to of 42787

will provide post on fibs and cpq/seg outlook after my midterm today. had to study last night.. see ya

To: Judy who wrote (7757)	4/23/1998 1:00:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

IBM has settled into an interesting pattern. There are both large block (100K or greater) buys and sells. However, frequently the large blocks step up to purchase at a price a few ticks above the current trading activity. So there are some (enough) heavy hitters that are anxious to pick up IBM stock. The price usually moves up on the heels of this type of buying. Then it settles with some large block selling, then large block buying, then selling, then before long one or more very large blocks buying mutliple ticks up, then the price moves up. This type of very large block buying, where periodically the purchaser is willing to pay higher than everybody else, is what is causing IBM to continue up. The differece between IBM and CPQ is that CPQ has more of those very large blocks transacting, and they have been on the average more agressive to bid up the price with an obvious net accumulation of large blocks. Also for today, even considering the price difference betweenthe two stocks, CPQ has been seeing larger blocks. Right now I am seeing many 500K, 600K, 800K, and 900K blocks. This down day for the techs have brought out the very large blocks of 800K to 900K. Near the beginning of the day, the very large blocks including these "superblocks" were helping to bid the price of the stock up. Then the demand for the stock weakened with more very large blocks showing up as sales. This started to happen when the stock touched 30 which is when I even saw more of these "superblocks" appearing as what appeared to be sales. But considering the "smaller" 300K to 500K blocks, I was still seeing a net accumulation by the big blocks. So I would still place my bet on CPQ, which I see has been moving up on a down day which is no surprise. The demand has been very high for CPQ, good quality buying, and moving up on a down market. Now DELL, the SOES bandit's stock, since it has had no "good"money moving into it, evidentally has continued its move down. No surprise here. Bob Graham