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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 (17314)	11/3/1998 12:47:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

The correction must be coming because I am losing my bearishness. When I updated my charts tonight I saw all kinds of hammers and other bearish patterns but the internals as in Advance decline ratio, Advance decline volume and new high new lows looked OK. My only concern was that the OEX is right at my first resistance line which as I wrote last night was 546. Even if we push through that one, we have 560 close above it which I don't believe we can breach. Still I am amzed that Favors is going short without any confirmation of the trend. Asia is solid so far, Europe is behaving and the market internals looked OK as I said before so what is he basing this move on. Pure Bradley etc? That was the most confident post he has made in weeks yet I still say I am out of sync with him. I think we have at least until the 6th to switch sides. For once I hope he is wrong as my long is perched on a breakout tonight. I guess if it doesn't make it, I better get out to be safe huh? Are you going to short the DIA, get puts on stocks, the OEX or just sit it out and wait for a bottom to go long on again? Good Luck, Lee

To: dennis michael patterson who wrote (17314)	11/3/1998 1:46:00 AM
From: Electric	Read Replies (1) \| Respond to of 42787

dennis, Is the movie on rental? I love a good movie. Keep the movie PI on your list for when it gets to rental. I am going to do the same, it is about the student that tries to make a math equation to figure out how the market operates. Got great reviews and looks interesting. So, if the market moves and breaks 8740, then it might be good to wait? I expect that the futures will firm in the late hours, and that we will open higher tomorrow. Then the air might leave the bag in the afternoon. Then again, I have been sitting here for ever waiting for a drop. Did anyone see that YHOO is up 560% this year? That is alot, but I could see it going up another 200%, they are getting near a split area, and if they announce a split, the stock will go to 200. It might be prudent to load up on any internet on weakness (LCOS, XCIT, YHOO, AMZN, EBAY) Someone has made an a#$%^%^&ing trading those, I know it isnt me. Make sure you let me know your 2 cents, i want to hear what you think is in the cards, ok? Off to sleep..