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

To: Electric who wrote (17093)	10/28/1998 2:08:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I am not in KEA as of now. I think/hope a better entry will come in the next few days or else I will get to see how stable this market is. I agree DELL is getting close to play time but same there for me, I want to see the stochastic draw back a little first and see the market show some stability before going long. MU, IBM, AMAT and INTC seem to be stretching the rubber bands right now but since IBM and INTC have allot of news right now, I hate to be short in a rising market on them. MU looks real good to me and I was hoping to get a second chance at them closer to 36 but missed. Haven't looked at AMAT news or earnings yet but they stood out on my chart as a possible play. I am in no rush right now to make a play due to distractions in my work place and the mixed nature of the market. Financials are looking like they may be weak soon. COF has a rounding top and PVN is either making a bearish wedge or a bullish wedge. I will wait to see how it pans out before playing those and let them confirm each other along with the BKX.X A/D volume went to the bears today for the first time in a couple weeks and the A/D issues was almost a tie. The OEX is approaching the bottom trandline of the channel I identified so I would like to see if it bounces or falls through. There are many stocks that looked poised to bounce up while there are many others that look obver bought and ready to fall. The amount of those falls in comparison with their indicator values should show how much strength there is in this market. I was calling for a drop in md to late November but the more I look at some of these charts, the more I think a possibility of an earlier drop could happen. As I said before, I am sitting on my hands right now and playing it safe. If the market looks weak though, I will be all over MU and possibly the others I mentioned quick. Heck I may go short MU anyway, I love puts on it anywhere over 30 anyway <g>. I always buy far enough out though that it usually works out even if I time it wrong. If the market looks stronger later this week or next week, I will probably look to get into KEA and/or DELL. I am starting to watch CTXS since it broke over resistance today on some news but haven't watched it close enough to recomend it yet. Sorry I am not more help but with all the mixed signals I see, I am being cautious right now. This isn't to say if I see something I won't jump on it. Don Sew is bullish yet I am leaning toward the short side. I would say I am leaning more toward MUMYs or MUMFs than KEAEHs right now but that could change with the market internals. Good Luck and stay nimble, Lee