Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Graham who wrote (19830)	3/7/1999 1:43:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Wow, Just finished all 29 of the new posts and saw you were still here. I agree most on this thread have a great outlook into the differing time frames of this market. I do agree we could have an upward bias here short term but as I said, earnings warning season is usually not a bullish time frame. One thing that concerned me was my inability to make money on this rally. I saw the possibility and that the DOW was trying to become the new leader. this was understandable since the NASDAQ out ran the other indexes from October to January. However, like I said, the banks ran but only a few points each and in doing so stretched their Mo Mo oscilators into over bought territory already (or darn close), brokerages moved up on the Schwab news a week or so ago and McDonalds screamed upas did WMT on their split news. Other than that, I didn't see much in movers. PG, GE, MMM and some of the other large DOW stocks are still at or below their highs and with the news of lower manufacturing wage growth don't look promising. If I could find a good sector for the coming week or two, I would play the long side but until I get some time to scan and look around, I can't see jumping in blind. I ran a scan of my primary trading style and it came up with approximately 50 short targets and only 5 longs that fit the parameters I use. Chris, You said you thought we would be up until April then down. If memory serves me correct, shouldn't we start earnings warnings season in late March and have actual earnings reporting start in April? Once earnings actually start is when I thought the market usually started recovering and the celebration rallies started anew. Got to go for real now, Lee