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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 (20663)	4/29/1999 11:36:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Ha, caught you. LOL I changed my mind and decided to stay home. Still not used to day trading again so I haven't done much. WAited too long to check my FPP index that I had a sell signal on and missed it. The TRX, GAX and CEX are still holding up so no trade there yet. I was considering DJX puts but not sure when it will fall. Goldman may try to prop her up until their IPO goes off and then have a little celebration rally. Push it to 11000 etc. AOL holding 138 so far and EMC bounced off 107 1/2. I don't have support around these levels that I can see on my daily charts. Haven't had time to check the weekly. I agree AOL would be around mid 120 area and I have EMC as low as 101-2. Still cash but I would love to play this upcoming swing one way or the other. AMAT and many of the others I was hoping to get puts on already hit my targets. Are youplanning on playing the downside or just sit it out and wait for a spot to buy the dip? Good Luck, Lee

To: dennis michael patterson who wrote (20663)	4/29/1999 12:16:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

The move to the cyclicals in this market is a temporary move by the big money at this point. It has been before the move to the NASDAQ market. It is the same now. A headfake? Maybe considering that we are seeing more evidence of money moving out of the market to the bond market. I think it is a bit premature to say at this point whether this time it is a headfake, but time will tell. A look at the charts show prominent distribution patterns to be in place for some time now like on the NASDAQ so an intermediate type of top has been in the process of being made. But do not be surprised of another move up by the market before the larger sell off. There is always the stupid money at work who is value oriented toward stocks like the Internets. Hard to believe but it is true. When playing sentiment driven stocks, "value" simply does not apply. What is interesting to me is that even though I think money has been reentering the market, I also think not enough of it has entered to broaden the participation to a significant degree where the big money kind find other places for additional profit. In this scenario, frequent rotations is the norm in this type of market. So to me this market still remains "thin" to support a longer term rally that the big money can profit from. Volatility will continue to dominate. Bob Graham.