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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Smart_Money who wrote (53373)4/18/2002 10:33:39 PM
From: Win-Lose-Draw  Read Replies (1) of 99280
 
we are closer to a Nasdaq bottom than we are closer to a Nasdaq top

I see people say things like this and I must confess I haven't the faintest idea what they're trying to say. The absolute worst case bottom for the Naz (or any market) is 0. Flat broke 0. The absolute best case is, well, we don't know, but there is no practical limit.

So we are ALWAYS nearer the bottom than the top.

Unless the statement is constrained with a time frame it strikes me as being content-free.
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