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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 (17260)	11/1/1998 11:31:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

Good points Electric, Dennis as far as the market not going down. What will be the street reaction to the Fed not easing after the 3.3 GDP release since everything I read says another 1/4 point cut is in the market already? I have IBM over an upper limit line that has held it back the last 4 times in a row. MU is way over priced although I have a rumor that I don't want to post in public I picked up a few weeks ago and just got a second source saying the same thing that may explain it. I really need to add the DOW and S&P 500 to my detailed chart list instead of my quicky list. I track the OEX closely and have a top this week set for 546 before things get intersting. This will be the top of one channel I think we are following but there is another channel we are also in that is higher on the top. Seeing if we can break above 546 will tell me which channel we are in and how bullish we really are. As usual, my timing was off when I bought last week out of frustration since I show we should reverse by mid week and start pulling back. It should be interesting to see how far we go. Your idea of financials could be a good idea since any pullback on the ones I watch would be a lower second top. I was watching COF and PVN closely last week since they were giving contrasting signals of which the bullish one prevailed. I still get the feeling that the market is weakening though. Japan gave back half its gains last week and I am watching them closely as well as Brazil. I think Electric has the right idea in not trying to second guess the market and just being cash by mid November then jumping on the reaction although knowing me, I will probably spread it with some calls and puts and just dump the one that goes wrong. Good Luck, Lee

To: dennis michael patterson who wrote (17260)	11/1/1998 9:11:00 PM
From: Electric	Read Replies (1) \| Respond to of 42787

dennis, There are a few stocks that I have been watching personally that have been killed, really low priced right now. I am going to do some research on a handful and I will tell you if I find any worth looking into. A chart on MANU... askresearch.com 1=20+day&moving2=None&moving3=None&moving=bollinger&bollinger=20+day&sto=15-5-5&wpr=12&chart=rsi&rsi=14&macd=12-25-9&roc=16-8&mfi=13 It looks like there might be anywhere from 10-20 points more upside just to get back to its moving average. Very high RS, and at 14 bucks I might get into it tomorrow. Also looking at a few healthcare stocks that have been hammered. CIEN might have a few points left too, as long as there are takeover speculation rumors out there, but if one is to try CIEN, be nimble the company has problems to fix.. Finally on your market analysis, lets not get too hasty in saying that the downside possibilities are limited, until the fed does its thing it will cause disturbances in the market...