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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 (17893)	11/22/1998 7:53:00 PM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 42787

You both have valid points but what I get a kick out of is how he makes this latest post sound like he called this large bounce. As I remember it, he said we would have a small bounce of short duration to re initiate shorts. His "small" bounces of short duration must be in Geological terms.<g> I guess we should short in a few trillion years? Just killing time being sarcastic. Actually the more views the better wheither any one of them are right or wrong. My personal read on just gut reaction to what I see in the charts; A few more weeks max up then we head down for earnings pre warnings etc. Will view how the internals look as that happens to decide how large a downturn that will be and how long it may last. I figure there is a good chance we could have a last gasp up for spring but I think from April on will be all DOOOOWWNN. The PCs as much as I think they are too high will probably do well. 3 of my buddies and now myself are all buying new systems right now. We didn't talk to each other until after we had made our purchases. It was just one of those things that hit us all at a once. I have to say though that none of us are buying ready made systems from the leaders. One is piecing his together from scratch, the other 2 and myself are getting bare bones boxes and finishing the rest with the options we want added. DELL, CPQ etc don't offer the things we want at prices that are reasonable for us poor military types. My system is the equivelent if not better than the system I priced on DELL's website for 2700 and it is costing me under 1K to do myself. PII 400 with 1M L2 cache, 128 RAM, 8M Video, 3D sound, most bells and whistles. To be fair, I will be recycling my CDRW from this machine but the rest of the peripherals will be new. With the difference in price, I may just splurge and get a huge monitor or two. <g> Lee

To: dennis michael patterson who wrote (17893)	11/22/1998 8:05:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 42787

Dennis: Jerry Favors has made some good calls but didn't fully take into account the historical significance of three quick rate cuts... Without exception the markets have always traded higher after three rate cuts... Sometimes watching too many TA indicators can be confusing and clouds the picture... There is more upside to this market by virtue of money going where it's treated best... With interest rates below 5% the stock market will receive the lion's share of investment money for a while regardless of what Jerry Favor's indicators say... Jim