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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 (18647)	1/4/1999 11:50:00 PM
From: Lee Lichterman III	Respond to of 42787

Your cycles guy sounds about like my read. This market tends to rise during active earnings then recede afterwards. I took a long look at EMC's chart and did a little quick research and I agree the chart looks good. MACD turned up, Stochastic turned up and price action was good until the overall market down draft spooked everyone. Not sure if I should try to go long though with the pullback happening. The OEX has a definitive MACD cross over downward and a toppy Stoch. You must have told me about EMC before because I found it already in my charts. I will add it to my site now soon as I finish posting this. Looked like the short term upside target was around 92-93 or so but I haven't been following it long enough to be very accurate. I originally saw staorage and though of QNTM, SEG etc. Didn't realize they were server types until after I posted the first time. I just scanned my charts and the only buys I got from my screen were USF, EMC and SPLN. Sportsline has had too many false starts for me to bite and I want to see USF clear the downward trend line first around 24 and hold over it. My buddy plays that one so I have no real experience with it. DELL is showing some accumulation but the other signals are still sloping down. The NASDAQ 100 are really topped. They penetrated the resistance line today. They are either going to start a new trend line or will have to pullback hard here sometime in the near future. It's kind of scary going long here with the way the charts look on most things including the indexes. Wish I could have been home to day trade this though. The 605 OEX calls traded at a low of 7 and a high of 17. Not a bad return for one day if you were any where close in execution. Good Luck, Lee