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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 (17255)10/31/1998 5:17:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 42787
 
Someone noted how the NAS 100 was down. I noticed most of the normally strong stocks were down Friday but that they also did so on lower volume. I am still looking for up till the Fed meeting. I thought we might stall as we hit our heads on the prior trendlines but we pierced right through last week.

I still don't trust this market but I am also not going to fight the tape anymore. I just had to rebuild all my charts and web page etc due to a link problem but it turned out to be a good thing. I changed the time line of my short term charts and all kinds of things are popping out. Hopefully I will have it all deciphered by tomorrow night. I am still reloading all my formulas and building the charts for those but even with the raw charts, things are starting to look up. There are a few stocks that seem to be giving warning signs but if they follow through like the others did, they should pierce through later and go up. The TRAN and some of the domestic financials are still headed north so I don't believe we will crash anytime near term but I still think the upside will be limited for a while till the Fed meeting and find it hard to believe that with a 3.3 increase in GDP that AG will lower the interest rate again. I don't plan on being long on that day.

Still confused but the fog is slowly lifting <g>. I have to go back to rebuilding my database.

Lee