bear klowns destroyed vs 3 Message Board

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Pastimes : bear klowns destroyed vs 3

GE 306.93

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10:44 AM EST

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To: ru2 who wrote (24)	8/15/2002 9:53:31 PM
From: bobby beara	Read Replies (1) of 169

Only another 4000 points to DOW 4K what if LUC is right?? :0 michael eisner put 10 million in disney yesterday, but that may be chump change to him. no doubt there was a circus around the 7/24 bottom, the media was hot on the subject, mutual fund holders were selling like no tomorrow, bear on the cover of biz week, huge puking and concern, that's the stuff of bottoms, and that has worked over the last year or two for IT rallies, it's just the case of where this one will go. most bull markets though start quietly with small up moves(not all), a whole bunch of stocks rallied into gaps today, and i have five waves up on the techs from the 8/6 bottom on the 60 min chart. i doubt that it breaks out here, i suspect we pullback and continue to either base or consolidate for a new leg down. Dell rallied and slightly broke the downtrend today, but i give it the same chance that it will go down near the bottom of the range.

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