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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 (20646)	4/28/1999 6:50:00 PM
From: Electric	Read Replies (2) \| Respond to of 42787

dennis, AMZN is in trouble.. I am sure you heard the news about them, I cannot believe that they would say the things that they did on the CC, about revenue growth slowing, losses widening and how the auctions arent helping the top line. IMO the stock is in for a large correction, and without too much leadership the entire sector might drop somthing severe. I am a bit worried, I wasnt expecting the guidence from the company to be so bad. IMO it was really bad. I might take my few pennies off the table. With the other sectors being at such lofty levels I am not sure there is alot of value out there since I never plan on buying MMM or Kodak or Allied Signal... Tomorrow should be nasty..

To: dennis michael patterson who wrote (20646)	4/28/1999 8:19:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Agree on Drugs, they are about to break a two year trendline. I agree that EMC is a leader with good management but it has already dropped proportionally to the October 97 correction according to my charts. I have a fork and support line around 98-100 that hopefully will bounce it back up for a double bottom. It bounced perfectly off the middle tine on this most recent rebound, guess I should have sold the rest off when it did so but I was at work as usual when it hit 118+. I was too stubborn to sell today at breakeven. Of course my kids have 16 years to wait for a bounce so if this isn't a 1929 style meltdown with 30 years of no climbing, I think they have a chance at seeing some gains <ggg> Gold is really attempting a breakout here at least as far as the XAU is concerned and Oil is on Fire. I think it is for real as I don't see much bearish in the chart other than some overbought indicators that is normal in the early stages of a breakout. Internets will get hit hard off the open tomorrow but who knows how many Buy the dipsters will step in and try to bounce it. It will be fun to watch. They still owe me two more days off but I would like to wait until a day when there is a better chance at some upside since I don't have any real good short plays yet and have other things to do tonight than run scans and rifle through hundreds of charts. I was counting on the Gaming index giving me the best short but it has held up too well so I abandoned the idea today. Airlines were next but I think they have another week or two before they will give in. Same with Chemicals. My guess is the worst of it will be in beginning to mid May from the looks of my charts. Hard to see that far out and nail it down to firm. If tomorrow gets real ugly, we could bounce a little then just go sideways in a trading range for a couple months. Not much news to move the market short term as most of the big earnings are done. Enjoy your trip, have to take my daughter to the circus, Lee