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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (19856)5/24/2000 9:50:00 PM
From: eli74  Read Replies (1) of 27311
 
While I make no claim to being a technician, Zeev I have to go along with your idea that "it ain't over yet." I don't think we've yet seen the kind of capitulation trade that we will signal the bottom of this thing (of the market, I mean). Someone recently defined a bear market as the type of market where it feels like your fingernails are being trimmed with sandpaper. By that definition, we're still in the early stages of this thing. The "buy on dips" mentality is still deeply ingrained; for my money the market will be under pressure until that mindset is gone.

Eli74
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