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To: LLCF who wrote (27176)10/11/2000 10:37:02 PM
From: chic_hearne  Read Replies (1) | Respond to of 436259
 
Re: Well, Oct is almost 1/2 over... so maybe we get whacked here for a week or more, than rally into new year??

David,

You know I wasn't referring to that.

The Naz has gone down so fast that I don't think there was much cash taken off the sidelines in the last month.

A good week long rally of a few hundred points would be great because so much of that money on the sidelines would pile back in because they ****WANT**** to believe we have hit bottom. That will also let a lot of "concerned" money get out that doesn't want to be long anymore.

Then going back down and breaking these lows would be emotionally tough for the market and it might inject a little more fear while taking a lot of that money off the sidelines which could be used to stop a disaster like on April 4th.

Do you expect us to just break though down on the first try tomorrow?