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

To: Chris who wrote (13380)	7/29/1998 3:27:00 PM
From: Electric	Respond to of 42787

Chris, Typical bond close, market rise senario.. I really like watching the last hour, it tells alot about how the pure market trades.. Or purer.. DELL is positive today, and held together quite nicely during this down draft in the NAZ.. I am appreciating its strength, and it helps me decide to stay in. We need to be realistic, this is a bull market we are in, until we have an extended market decline, to that doesnt mean that we correct, but an overall decline in the market, a steady daily decrease of numbers that the bull market moved upwards.. like 20, 30 ,50 etc.. Moves that are -100, +90, -90 and who knows what today (maybe up) means that we are in a light correction in a bull market.. Until investors leave the market (domestic and foreign) and other things occur (interest rates, recession etc) we are not finished with the bull.. I am keeping this perspective, and there is a likelihood that by the time Aug expiration comes, that all this will have blown over and we may be revisiting new highs.. I am not buying the bear at all.. DELL is going along fine, the rally might start next week. LU is what is dissapointing me. They do well on earnings and no split so everyone leaves, and the stock corrects over 2 percent in a week...

To: Chris who wrote (13380)	7/29/1998 3:30:00 PM
From: Teddy	Read Replies (1) \| Respond to of 42787

Anyone ever hear this before or have the data to test the idea? Laubscher said the market was behaving exactly as he anticipated -- jumping on a technical bounce at first and then leveling out. "This is completely normal," he said, noting that there wasn't much news moving the market at large. "We told our clients this morning: It'll open strong, ease off for a few hours, and then come back and close strong. We're in a strained cycle, which will continue into next week. Every month, we see the last two or three days with some nice trading, going into the first five or six days of the new month." The analyst offered the work payday period as a possible explanation for that cycle, adding: "We're not sure why it happens. But it does appear to work, and we certainly operate on that cycle and take advantage of it." Laubscher said the correction has reached a temporary bottom and that over the next few weeks the market will trade higher and test new highs, although he said he doubts records will be set.