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

To: Lee Lichterman III who wrote (16689)	10/16/1998 1:47:00 AM
From: Electric	Read Replies (1) \| Respond to of 42787

Lee, This was not straight up, this was a power rally like no other I have witnessed. Futures are flat. Tomorrow how the market acts after the bomb to me means where we go from here. It is expiry so things are possible skewed, but if there is overall strength in the big three, and it is sustained.. I cant play the dont side just yet. One other comment, I was watching the tick all day, and before that anomoly, the tick for the day was actually negative in total. The A/D line was also weak.. Amazing, and I missed it all..

To: Lee Lichterman III who wrote (16689)	10/16/1998 2:00:00 AM
From: Electric	Respond to of 42787

Lee, One final comment before I retire tonite.. My second thought when I found out the FED cut rates was why right now??? Recently the market was really acting quite well, holding on tight to gains of the last few days. The 100 points in mid day makes me think maybe a few people had suspicions, but to cut now, makes me think that like others mentioned that somthing really nasty has to be comming down the pipe. We arent talking Mr Volker at the realm here either, we are talking Greenspan who waited way too long in getting this started (IMO) and before this first cut he was still dragging the funds rate when Japan had already started its trip down. There has to be somthing that is now going to arise that needed to have a pillow under it before it was released. I had also noticed that Japan and HK were starting to move upwards and their governments were talking much more positively. It ought to make for great trading, but there is more to this then we know now... Nice discussion on the thread today, I really enjoyed reading the posts..