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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: UnBelievable who wrote (61426)10/25/2000 9:04:23 PM
From: KymarFye  Read Replies (2) | Respond to of 99985
 
"As long as people are wondering if the bottom is in, it isn't."

I understand the sentiment, but can't agree, not when there are multiple 24-hour financial channels, eight thousand gurus, and eighty-thousand sub-gurus with nothing better to do than sniff. Of course, there are bottoms and then there are BOTTOMS (that are never seen again), just as there are bear markets and then there are (grinding, seemingly endless) BEAR MARKETS.

My focus is more short-term, so I'm more concerned about the lower case kind, and I do think that's still what most people are wondering about. If you think we're looking forward to capital letters, then, maybe. I still believe, though, that, even if the Dow ended up wandering through the middle thousands or lower, and the Nasdaq had to move its offices to Newark, and, oh yeah, world revolution seemed like a more pressing issue, there'd still be a large group of theorists, investors, and other observers who'd be checking for the re-awakening every day.