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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (10037)2/11/2001 1:14:46 AM
From: mishedlo  Read Replies (1) of 13572
 
we are not going to get any explosive moves up unless something changes in the economy.

Rule # 2

Should per chance we get one against all odds, it will quickly reverse unless there was a very good fundamental reason for it. Bear covering relief rallies or options expiry nonsense do not count, but could get a quick couple hundred points (trapping more people into the idea that the bottom is in). ggg

I do not buy this long term support Naz 2400 stuff at all.
If we go down (and I think we will), we will fall through 2400 so fast it will make your head spin. Just too many excesses to correct (even still), and we are in a Greenspan induced downturn that simply must play out to the bottom, wherever that may be.

M
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