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To: t2 who wrote (14453)	11/30/2000 10:17:09 AM
From: Gerald Walls	Respond to of 24042

So much doom and gloom; no Nasdaq bottom is what the experts are now saying. Lots of negativity. I hope you're right, but according to IBD 55.1% of investment advisors are bullish (< 35% is considered bullish, > 55% is considered bearish) and only 29% are bearish. Also, while mutual fund cash positions are higher now than they have been since 1998, the 1998 levels were the lowest in 20 years (and substantially so) according to a chart in today's IBD. And while I couldn't find it in today's paper the Put/Call ratio is still out of whack to the bullish side, showing no signs of the needed fear to get this thing moving in the right direction again. All in all, unless today knocks the stuffings out of the sentiment indicators sentiment is still too positive to expect a sustained rally.

To: t2 who wrote (14453)	11/30/2000 1:18:33 PM
From: larry	Read Replies (1) \| Respond to of 24042

Everyone was predicting an after labor day rally. Oops, it backfired. Everyopne was expecting a good month in Nov. because you have to position yourself in tech for the year end rally. Oops, we were disappointed. Nasdaq 3k was a strong resistance until it was broken. Everyone was saying that 2860 was the bottom and when it was penetrated, so many gurus believe (even yesterday) that 2600-2660 was the bottom fishing range. Oops, it was penetrated easily today. I will make the statement again. If we penetrates 2500, 2200 is coming either in the near future or next year. When the nuts, which helped to lead high flyers to hundreds to PE multiples in the past, got shot like that. We are in deep trouble. Currently, there are still some high flyers left in biotech area. Until those, plus SUNW, EMC got crashed (and CSCO too), we don't get a true bottom. And all we will get is a trading oppotunity. good luck, larry!