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To: Lucretius who wrote (46727)1/6/2000 12:04:00 AM
From: Rarebird  Respond to of 116777
 
Real Deal? I don't think it's that simple or easy. You always have to give the bull the benefit of the doubt- especially this one- before you proclaim its death. That the Nasdaq can fall 15% to 20% from these levels in a few days is not the issue. It certainly can. I'm short the QQQ from 190 so I'm all for it dropping dead. The real issue lies in the nature of the rally that follows from this decline. I wouldn't put anything past this Administration or Greenspam.

I agree: it looks very ominous. But this bull has always managed in the past to weasel its way out of trouble.