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


To: dennis michael patterson who wrote (16050)9/29/1998 9:57:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
hi all,

busy as usual. didn't get around posting any thoughts last night. fell asleep LOL

anyways, today's decline was very small to what i was expecting. but i think you could see the "uncertantity" after the announcement. with rates cut, the question was "ok, now what?"

i think earnings will be the next issue. lately, i've been seeing more bad news with G's layoffs and cutbacks, and NT's warnings

i still think the current mkt prices haven't discounted the future declning earnings situaition.

i have support for spx at 1020-1022.

notice we failed to close abv 1050 spx again.
dow -- lack of close abv 8100 (even though dow is a lousy index)



To: dennis michael patterson who wrote (16050)9/29/1998 9:58:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
off the top of my head:

buys to look at:

GPS
HD
BBY
SBUX
ATI
JNJ (this one!!)

===
beware msft ressitance at 114
beware dell is hitting top trendline channel



To: dennis michael patterson who wrote (16050)9/29/1998 11:19:00 PM
From: Darth Trader  Read Replies (1) | Respond to of 42787
 
I get the Bradley chart from AstroEcon astroecon.com " I want to remind all bears that the market position right now is EXACTLY where we were in late April 1997 when a retracement had brought the S&P back slightly above the 50% retrace level and the setup for the main event of a 1929 style crash was obvious to many of us. I did not take into account that the feds were capable of pulling the market out of its hole by the ears. The balanced budget deal was a stroke of genius because it put sellers on hold and did not draw much money out of the bond market."