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


To: Gersh Avery who wrote (17090)10/27/1998 11:49:00 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 42787
 
I should have known you would catch that if it's low it will be low crack before I could post it. <g>

I am confused myself. I want calls on KEA yet I want to buy puts on MU, IBM, AMZN after the EBAY and AOL stuff wears off, INTC and AMAT are begging for some puts soon also. DELL run is due but it looks weak. I know we should go down but the market wants to sucker a few more in and I might be one of them soon if it won't let me go short again soon. Now Favors is trying to predict 2 day moves weeks in advance? I think he is good but no one is that good. (are they? <g>)

I like his time line except I think he may be late for the final top. I still think the time frame around the Fed meeting and DELL earnings will be the top of this last effort to revive the bull. Brazil mess, China devaluation threat before the end of the year, Clinton-gate, MSFT trial, EU money, etc are all going to weigh heavy again by then IMO.

Dennis congrats on your trades, I am too confused to do anything and when I do see a play, the darn firewall at work or constant phone calls always keep me from getting the trade off in time. Tomorrow is a no trade day as it is the Memorial for our lost one which starts prior to lunch and will last until after Bond market close and there is no way I am turning my back on this market for the next few weeks.

Good Luck

Lee



To: Gersh Avery who wrote (17090)10/28/1998 7:03:00 AM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
Gersh, I have said many times that JF is good only for the big turns, not the day-to-day stuff. I actually expect a bit of a rally by weel's end, but Monday of next week is the intermediate high, then down, hard.



To: Gersh Avery who wrote (17090)10/28/1998 8:43:00 AM
From: HairBall  Respond to of 42787
 
Gersh: Hi dennis .. Re:"Any decline below today's lows in
the Dow will signal lower prices tomorrow"
Am I missin' somethin' here?

Sounds to me like "if prices go lower they will go lower."


I was thinking the same thing! Sounds like my prediction. The Market will close up today. But my alternate counts have the Market closing either flat or down. <g>

Regards,
LG