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

To: Chris who wrote (18603)	12/31/1998 2:11:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

I see that line and do expect the NASDAQ to retrace to at least 2050 area however I don't think the over all market can pullback despite it's over bought status which is way over bought. If the DOW and SPX pulled back from here, it would form a nasty double top which would make the rest of the year look like the fundamentals. <g> Every sector I looked at tonight looked ready to top out except (call me nuts cause I know the FA is bad) disk drive makers and some semi equips. This is definitely NOT a buy recomendation since the FA is still horrid for these guys but the chart says they could bounce from here for a mini run. On this pullback, if it comes, I don't see allot of signs of a major turn yet although that is not to say some stocks won't get hit. I really have to quit my job! I saw AMZN last night screaming sell but didn't dare go short when I knew I couldn't watch it. 4 years to go and counting. Good Luck, Lee >EDIT< took a closer look and 2025 seems to be first support area. Also using and andrews pitchfork going back from '95 and using your crosshair placement on the high in July '95 and the low from Jan '96 bounds most of the NASDAQ up nicely. It matches your trendline and also shows the expected ranges if we are right.