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


To: ViperChick Secret Agent 006.9 who wrote (8254)5/6/1998 1:28:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
im really an emotional guy.. a short term trader just freaks when msft is going down like that (charts are all sell). you know what i mean? <gggggg>

i guess my answer is : "i just can't just put it away and not look at it." <ggg>

thxs for your words of advice. (i guess it shows i've never done a longterm portfolio before)



To: ViperChick Secret Agent 006.9 who wrote (8254)5/6/1998 1:40:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
excellent site lisa.. thxs so much.. not only jerry's analysis, but others as well.



To: ViperChick Secret Agent 006.9 who wrote (8254)5/6/1998 5:08:00 PM
From: Chris  Read Replies (2) | Respond to of 42787
 
another possible black monday?



To: ViperChick Secret Agent 006.9 who wrote (8254)5/7/1998 12:24:00 AM
From: Chris  Respond to of 42787
 
lisa:

rainier was right about the lu daily sell..... i got it too..



To: ViperChick Secret Agent 006.9 who wrote (8254)5/7/1998 2:39:00 PM
From: Chris  Respond to of 42787
 
To: Lee (18307 )
From: IQBAL LATIF
Thursday, May 7 1998 2:38PM ET
Reply # of 18310

Lee- My forecast going forward-
According to bond traders who thrive on rumours- we will ahve a
strong employment number with weak hourly earnings....
The consequences will be that-
1st possibility- and that is what I think is going to happen-We will have
selling pressure on opening, may be globex will suck in lot of amateurs
and opening may not even show 100 down but in case we have a down
opening I will if hourly earnings are below market go long at around
1093 support.
in this case I see a possibility of-
if hourly earnings shows no sign of creeping up, a run back up to
1130. This is good combo for the current market as I would like to see
strong economy and low inflation, the ideal thing for corporate profits
to beat consensus of 7.5% growth of corporate profits. The PC sales
in Europe are coming along very well and I was happy to see that
Techs were holding well at the opening. With NWX reching 366
resistance that should be taken out I see Techs possible taking off.
Fudamentals are good and with AG keeping quiet on 'exuberance'
thing I would assume that markets will take a big cue from tomorrow.
Bonds are a good long at 119-14 level or 5.98%.

2nd possibility-Now if we have a weaker employment number the
natural thing would be that bonds would rally and we may have rally in
stock market based on the fact that the rally of the bond is based on
facts and not escape from ASEA or flight to quality. This rally will take
up potenrially back to that resistance 1130 but this rally will not have
lethal produce to pierce thru this 1130 the former is a perfect match.

3-Third assumption- if we have a scenerio that hourly earning are
creeping up and a number strong this is a 'blow out bull combo' we
will visit 1060 within few days PROBABLY 50 days support will be
taken out on opening. I will wait until composite 1799 before I enter the
market on long side I would assume that should pretty well correspond
with my 1160.

I think that market is prone to possibility one in my humble opinion
60-40.
My trade would be long dip if I find the first configuration. Naturally
on number where we see market expectations being met on both
counts I don't have to say what wshould be the direction of the trade.

Sterling was crucified today and 1002 has held so far very well.