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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.04-0.5%Dec 31 3:59 PM EST

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To: Monty Lenard who wrote (43376)11/12/2000 7:59:19 PM
From: chic_hearne  Read Replies (1) of 77400
 
Monty,

I don't think you will see a bottom until no one want them. The pundits keep talking about capitulation...well my belief is that capitulation works fine in corrections but means nothing in a true bear market but again that is my theory. I just believe bear markets end on LOW volume rather than HIGH volume whereas corrections end on HIGH volume rather than LOW volume.

I completely agree with your theory. A bottom will hit when the Clowns pack it in and give up. Until then, no bottom. I also believe bottoms take time, as in years.

chic
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