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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 (16677)	10/15/1998 11:48:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I agree totally. This move was ridiculous and I loved the Contrarian article that waas posted here and printed it for framing here in my office. G-span wouldn't cut the rate when we needed it and will now create havoc doing larger ones too late to stop the bleeding. An early cut would have allowed a slow leak in the bubble but now we are going to expand and contract violantly until it bursts. I wonder how many banks and hedge funds he just caused to go bankrupt today unless he held another super secret meeting to warn them of the coming move. If you saw the drop coming and Don saw the drop coming and I saw it, surely there was allot of big banks that were positioning for the drop that was coming. Now those big banks are little banks. Of course now they can just borrow the money cheaper to pay for their losses. <g> Sorry for the late response but I was doing damage control on my charts and getting my site up to date. We broke through the 200 DMA according to my chart on the OEX and are nestled right up against the resistance line from the original head and shoulder that started this whole drop connecting the lows from April to August. This is an interesting place to be. A few more up days and we could recreate the whole last couple months over again. Rally drop, recover drop recover, rate cut repeat. It will be interesting to see if the small caps try to play this time or if it is a nifty fifty recovery again. The next week should be interesting. I knew I picked the wrong time to give up _______ (insert bad habit here) <from Airplane> I wonder if KO would be a good short now that earnings are out, they weren't very good and they are viewed as a defensive stock and we are about to get irrational again. Good Luck, Lee