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To: fedhead who wrote (111366)	10/27/2000 7:27:47 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Approx. 2500 comes to mind. We don't really have support until we get down into that range. Can real Bear Markets correct to 50% or more? I think so! On the long term chart the momentum, CCI, Stochastics, Just naming a few indicators here, are not even near oversold territory yet. This reminds of the 1990-91 when was the last time we had a yield curve inversion the difference this time the yield curve is worse. What followed was a bear market and recession. We will have are rallies, but this doesn't look like a trend reversal here. Where's the conformation? Ask yourself would you feel comfortable walking away from your computer after buying some stocks? Their are no supports, these stocks are in no-mans-land, the voltility is crazy, new 52 week lows, the A/d line is declining, and where is the volume on the upside. I'll stay out until there's a clear change in trend and this could mean not getting in at the bottom, but at least i won't go broke calling bottoms on every successful test or rally. Perhaps this will change after the election or when Greenspan begins to lower rates again??? I'm waiting for is a clearer picture of where the economy is headed and that'll be a few qtrs yet.