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To: Perspective who wrote (42229)11/29/2000 10:34:07 PM
From: pater tenebrarum  Respond to of 436258
 
i agree basically. this has all the makings of a beginning wipe-out that will leave everybody speechless in the end.
if one looks at valuations, all that has happened was a taking off of the most extreme froth.
my comment re. a tradable low being near refers anyway to time rather than price - i'm open-minded regarding price.
btw, checking the technical picture tonight, i find that the major indices like SnP/OEX/Wilshire 5k all have relieved their short term oversold conditions to such an extent, that a good sized move is not out of the question at all...