Nasdaq Bottom? Message Board

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Pastimes : Nasdaq Bottom?

QQQ 632.08

+0.5%

Nov 3 4:00 PM EST

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To: bob wallace who wrote (13)	12/24/2000 8:16:24 PM
From: Mr. Aloha	Read Replies (3) of 73

I'm only expecting a bear market rally -- "I think we're due for a bear market rally for a couple of months before a resumption of the downtrend." I didn't say we have already seen "the bottom." Bear market rallies like the one we had starting in May are not based on fundamentals, but are rather bounces (sometimes sizable)within a downtrending market. I agree that "the bottom" will not be put in while there's so much bullish sentiment around. I think "the bottom" will come when everyone's afraid to own stocks and thinks you're crazy if you want to go long (though lots of people thought I was crazy wanting to go long on Thursday).

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