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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 (18645)	1/4/1999 10:31:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Didn't have time to add it to my site but I will. Despite over coming my initial posting problems, there are still too many stocks there. I grabbed a shareware program to convert them to GIFs so they load faster but it takes time to convert them one at a time so I am going to cut down on the number of stocks I popst there. Half the guys I was doing it for hardly go there anyway. Question on EMC though. Aren't they memory storage? I am fuzzy on why they are doing so well while others in the sector are languishing. Is it due to low float or what? I have to tell you, I see lots of reasons not to buy most stuff I follow and very few that are appealing from a TA perspective. That whipsaw today was one of the things I was worried about this weekend. I almost was ready to buy in again but decided to wait it out. My number one target was up strong then retraced to even and ended down 1/2 point. What is the most confusing is that the A/D doesn't look too bad. I will be interested in seeing Asia again tonight. So far Japan has already lost another 200+ and could fall below 13K this week easily. Still trying to understand why most people are bullish on this market. Clinton stirred the pot to get the press off his back and has now made a bad situation worse. I give us a month max and we will be back in Iraq for more than a few day missle arcade game. The man has really screwed up this time but the liberal press is keeping a tight lid on things. I hate to fight the January effect, X-mas rally etc but I think the bias could be down here for a while. I am not usually out of sync with Don but I think the trend is down short term then a pop then down a little harder for the final pop during spring earnings. Then we go down for good. My forks say we should head up from here but my MACD, Stochastic etc all point down. GZ is bullish and he has been right in the past so I can't decide if I should head out on my own and get some OEX puts or just sit this out until it gets clearer. If my forks are right, the OEX is cleared up to about 630. I had support at 600 then 585. Not quite sure of direction myself yet. I could change my mind every minute till the market opens. Maybe I'll just spread the index and play both sides. Geez, I am starting to sound like Favors <g> Good Luck, Lee