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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (49074)	10/31/2000 9:14:54 AM
From: Lee Lichterman III	Respond to of 94695

>>Bounce side ways in a trading pattern << I would accept that as well and think I put that as an alternative in my post. I don't think we have seen either scenario though yet as the NASDAQ/NDX look more like V bottom attempts or double bottoms that are uncharacteristally too close together. I think your scenario would be ideal and I would have much less of a problem playing that type of price action. There are only a few generals left trying to stay in the stratosphere and if those could get taken down, then all would be fine in the world. <ggg> There is too much money chasing too few stocks to ever reach fair value so I doubt we will see PEGs of one across the market as a whole until there is a major event that puts honest real genuine fear in the market. Until then, we can only hope for something closer to fair value, a few good bases etc. Good Luck, Lee