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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: - who wrote (10345)10/4/2000 7:14:40 AM
From: Threei  Read Replies (1) | Respond to of 18137
 
Anyone care to call a bottom?

Steve,
I wouldn't venture to call exact number, but there is one thing that makes me think bottom is close, at least time period wise.
There were plenty of reports back in Feb - March about everyone and their brother getting involved in stock market. Taxi drivers, doctors in their offices, old ladies in casino etc... This situation marked the top.
We are getting close to reversal situation. For instance:
thestreet.com
Pretty much might mark a bottom :)
Again, it's time period wise... numbers wise, it still feels like we should get panic selling to get it over with. Although it might be wrong, Alan noted once that this kind of market might very well bottom through congestion phase instead of capitulation.

Vadym