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To: ViperChick Secret Agent 006.9 who wrote (57168)11/7/1998 12:10:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
o: +dennis michael patterson (17519 )
From: +L3_aka_L3
Saturday, Nov 7 1998 8:52AM ET
Reply # of 17528

I was drinking my coffee this morning thinking about that same question and suddenly
remembered one of those Favors posts you put up a long time ago. As I remember it,
he said at the time we could have a strong bear rally that would last longer than anyone
thought possible that would squeeze the shorts into submission then plunge back down
when no one was suspecting it. I got to thinking about that coupled with what some
have been saying on the other threads I read which is how they had noticed that many of
the chart patterns were almost being purposefully made to advertise a top only to have
the stocks go up further. It was as though they were trying to fool all the TA guys in the
market.

I was snooping around the weekly charts this morning and we have more room believe
it or not to rise before we are over bought on the weeklies.

I started thinking of possible scenarios for this. They run this thing up until it breaks the
previous high of 9300 which would signal a higher high making us all believe that the
bottom was in and this is a new bull. They start selling off at higher prices and load up
short and puts for the ride down. When ready, pull the trigger and let the FA drive the
market down. Most issues and definitely the indexes have no suports since this rise has
been straight up with no basing along the way. Not only do they get what they were
down a couple months ago back for selling at highs but they could double profits riding
it down on the short side.

Other scenario, looking at the charts, I noticed the indexes are mirroring the action of
some stocks I played last spring that dropped, rallied back then got hit this time again.
They didn't play in this recent action but instead have stayed pretty flat. If the pattern
repeated here. This rally would last another couple months then start stair stepping
down until the bottom finally fell out in about 3-4 months. I was thinking probable time
frame would be next spring.

I still feel that the Fed meeting will be the trigger for the reversal but I am also trying to
figure out alternate plans. Ain't the market fun ??? <g>

Good Luck,

Lee



To: ViperChick Secret Agent 006.9 who wrote (57168)11/7/1998 12:17:00 PM
From: AugustWest  Read Replies (1) | Respond to of 58727
 
I really don't know what to make of it either. I haven't seen or read about it, a friend just mentioned to me over the phone. I wonder if he maybe didn't get pressured into it by the rest of the reps., becasue as you suggest, a weak showing for the republican ticket.

Maybe they are thinking, sacrafice a few things right now, hoping to regain the presidency, and have the house too in the 2000 election? Or is that too far off to consider?

re:xcit, it has lagged while the others have moved in the last month
techstocks.com. Hasn't moved strong since the Dell news.

Contrary to the clearstation post, I'd like to see it fall to 36-32 range to pick it up. But the last time I waited for something like that, was Jan. last year(pre split). I traded off some 26s at 32, expecting it to retrace like before,but never even came back to 32. I had to suck it up and buy in at a higher price for future trades. Again, wondering if that's not what we are seeing here again at 40(or 80! pre split)

I have been holding only 2 or 3 positions in the last week. I hate to try hopping on a moving train, but missed opportunities are as difficult to swallow as losses on a position held.



To: ViperChick Secret Agent 006.9 who wrote (57168)11/7/1998 12:27:00 PM
From: HairBall  Respond to of 58727
 
lisa: I am very upset with the Republican House. I can not believe they are acting like they are on the Jerry Springer show. Republicans kept the majority in the House three terms in a row for the first time in 70 years and they start this shit?

The party is self-destructing it makes me sick! No wonder it has been 70 years. I have already sent an Email to the Chairman of the RNC voicing my displeasure in a graphic manner.

I must get a request for money from the Republican Party twice a week. I may well cut up my card. DISGUSTED!!

Regards,
LG