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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 479.20

+0.2%

Jan 9 9:30 AM EST

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To: Susan G who wrote (20055)	7/5/2002 5:23:32 AM
From: lee kramer	Read Replies (1) of 26752

Nice posts Susan. I offer a few observations: As cuckoo as the markets and 'investors' of all stripes were a few years ago on the upside, so too is it becoming similarly cuckoo on the downside...We've already seen a "crash" in the Nasdaq...the current debate among technicians seems to be "We need a massive Capitulation" vs. "We don't need a massive capitulation" to {put} in a bottom. Which will it be? I sure don't know, and I suspect nobody else does either: We'll just have to see how it plays out. Wednesday's action strongly suggests we've got a "trading" bottom.

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