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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (17777)	11/16/1998 8:13:00 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Lee: Amen on that CLinton remark! I did hold Dell. Still have it. I was traveling to San Diego Weds., so I didn't have a chance to think about getting out at 73. I think I will unload it tomorrow. I am just guessing on the Fed. I think it is more import to AG not to look like he is all over the place than in fueling the market. We'll see!

To: Lee Lichterman III who wrote (17777)	11/16/1998 9:13:00 AM
From: Chris	Respond to of 42787

hi L3: updated mkt signals spx - momenutm sell signal. waiting for 9 day ema break for confirmation. ndx - momentum buy signal, but weakening. transports - momentum sell. we managed to close abv 9 day ema yesterday weekly charts are all bullish, so tells me we will be merely in a consolidation period and not a big mkt top.

To: Lee Lichterman III who wrote (17777)	11/16/1998 9:19:00 AM
From: Chris	Respond to of 42787

mr.sew saying a similar thing: Short term mkt top coming? ----------------- To: xia qiu (57488 ) From: donald sew Monday, Nov 16 1998 7:53AM ET Reply # of 57500 INDEX UPDATE -------------------------- The S&P Futures are up strong around 8.00 and FV around 3.75. As I have always watched the market internals, this week is a really important weak to watch the market internals to get some hint of future movement in the market. Since this runup began in OCT, my position on the market internals is that they have improved, but have not improved that much to support such a big runup. We all realise that one of the main motivations for this big runup is the rate cuts. My postition now, is still unchanged and that is that if the FEDs cuts rates tomorrow, the market internals need to improve dramatically almost immediately to support these levels. Per my earlier post, I did a study of the NEW HIGHs/NEW LOWs, and with out repeating it again, basicly if rates are cut and the NEW HIGHs do not get above 100 and stay there, then a short-term top will arrive soon, and a pullback of about 5.00% or more should take place within a month. Seeya