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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 (17403)	11/5/1998 7:58:00 AM
From: Lee Lichterman III	Respond to of 42787

I agree with most of that except MSFT. I think it is showing a bull flag but is being held back by the DOJ case. It is amazing though since his readings are within 1/2 point of my indicator reading for stochs and RSI etc. Just be careful with those puts. I have seen many signs of tops over the last 2 weeks but it seems that even if a stock does pull back, it just moves back up a couple days later. That is why I might just go all cash and sit on the side lines until either the pullback starts or until my over bought readings recover. I still am behind in my usual nightly analysis but I needed the sleep. <g> I still need to check the weekly indicators to see how they look. I have seen in the past where my daily indicators show extremely over bought after a large drop and subsequent recovery yet the weekly indicators show more upside possible. This may be the case now. Still, I am not sure I want to stay long much further. I will probably join you on the OEX puts next week but don't want to sacrifice the premium over the weekend so I will wait until Monday. This will also let me have time to study the market better over the weekend. My OEX readings were 86 last night after peaking at 89 and 88 the previous two nights. That is pretty over bought however the OEX has also had double tops on my indicator waves the last 3 peaks in a row and this peak is only the first of this cycle. We could have one more push up before the real top. I will add my indicator chart to my site this weekend if I remember. Good Luck, Lee