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

To: Robert Graham who wrote (14539)	8/13/1998 1:30:00 PM
From: Lee Lichterman III	Respond to of 42787

Agree on the bias but it should be easy to spot a breakout. You don't even have to draw a line on the quote.com 10 minute chart. DELL, MU, the tick all have nice straight downward trndlines built into their tops. The one thing that worries me the most is looking at the same place on the industrials, the last two days of trading are forming a nice H&S formation. If this right shoulder finishes out we could be hurting tomorrow or this afternoon.

To: Robert Graham who wrote (14539)	8/13/1998 1:43:00 PM
From: Chris	Respond to of 42787

Charts and comments ::: i think this "lack of conviction" is what a consolidation should be.. it's the fighting of bulls and bears and the feeling of "where are we going? what next?" below is my new chart of the spx.. geocities.com couple things of note; 1) the yellow "buy" signal is generated by the 3/40 ema crossover. looks good.. 2) notice the 200 day ema holding nicely, with the ma tested twice (which is positive) 3) my tgt price for our next rally up will ONLY be to 1100-1130. not a big move at all. 4) notice the 2 cyan lines below the 200 day ema.. these 2 lines are generated from the larger view of the spx.. geocities.com feel free to comment.