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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who started this subject	12/1/2000 12:01:09 PM
From: adcpres	Read Replies (3) of 42787

<EDIT>In reading the comments today, it seems a number of you may be starting to let your emotions get in the way of your judgement -- hoping this is the bottom and recommending to build long positions. This is definitely contrary to the sentiment a few days ago where the feeling was we could have more downward potential to NDX 2000-2200 into mid DEC. Stock Operator cautioned you all on the thread about being tempted by the prices at this point for he feels there are going to be better bargins down the road and I agree with him. We still did not get capitulation yesterday as I thought we might. Every week or two we get a sell off with new local bottoms in the high fliers(look at what CIEN, PMCS, EMLX VRSN and others did yesterday) they recover some and then go down more. If you wanted to go long, you should have bought yesterday. You folks might also reread you own posts over the past week and ask yourselves what has really changed to make you bullish? Be careful - do we have short memories?. Bears are very cunning in the wild. GH PS Forget to mention. What about year end tax loss sales, how are they yet to play in this? There could be more selling pressure yet to come.

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