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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (36744)	5/31/2000 2:37:00 PM
From: pater tenebrarum	Respond to of 42523

you weren't the only one. the volume explosion during the Oct-March blow-off coupled with extremely negative smart money index readings was a big hint that major, long term distribution was taking place. also tick money flows increasingly diverged negatively from market direction. looking at the Nasdaq price/volume patterns i actually conclude that we won't see the highs made early this year for a decade or more. the only open question is imo how low will we go? i think we could go MUCH lower. lower than even the most dedicated bears think, Prechter excepted (that guy has the most extreme Dow target out there).