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

To: Robert Graham who wrote (14413)	8/11/1998 1:34:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

down we go.

To: Robert Graham who wrote (14413)	8/11/1998 1:44:00 PM
From: Lee Lichterman III	Respond to of 42787

I agree with your assessment this is the sell off in the grand scheme of things, such as in the days and weeks perspective. My comment was meant that this was the one big day drop that they had been waiting for. My position up to this point of the day is I don't think so. I have not witnessed the exhaustion selling drop indicative that the panic and massive market sell orders have hit yet. As for the money in the semis etc. I agree that public money has foolishly ent there however I also feel that some funds may have prematurely strayed there also and are attempting to prop up the price while unloading large blocks on mini rallies. On the other hand, the stocks with minimal exposure to Asia and bright outlooks IMO like KEA (OK, I admit I am biased because I like them as a long term although I am out right now) are being allowed to sag while they accumulate. Because I follow them closely, I will use them as an example. KEA sells off during these market hits and the price drops 3 percent or so on blocks of 100-500. When the downward momentum in the price stalls, I see a 10,000 block come across. This cycle keeps repeating. On the other hand, I see issues like MU where there are large blocks going across near the highs then only small blocks at the lows which bring the price back up to where the large blocks run out again. The large selling blocks are holding up chart wise better than the large buying block stocks that are bought at the lows. Am I out in left field here? PS- I just read Bill Gates has filed to sell a large amount of stock but I forgot which thread I picked it up on. I think it was on the regular DELL thread. I am so busy surfing around trying to keep up with the action today, I am being delinquent in my bookmarking duties. Looks like this mornings bottom didn't hold on the DOW and Russel yet there hasn't been a collapse yet either. OEX and NASDAQ holding their ground and DOW is trying to fight back.