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To: posthumousone who wrote (42746)	12/1/2000 2:36:03 AM
From: Shack	Read Replies (1) \| Respond to of 436258

If you look at the market technicals, it has bottom written all over it. One of the main criteria for that elusive "capitulation" stage is heavy volume. Today we had the 2nd highest volume day ever on the Naz. By volume standards, we had "capitualtion" without a doubt. I'm pretty sure we had net up volume on the Naz as well. The Naz opened and closed at about same level which is what makes a "Doji Star" in candlestick charting. A "Doji Star" indicates that bears were trying to take the market down but were unsuccessful. Someone was buying stock to bring the Naz back from -170 to -60 before ending up down -109. I'm calling this the bottom, we shall see As has been stated many times in this forum, there is a need to distinguish between "short-term" bottoms and "the" bottom? It may be the former but highly unlikely the latter. A minor low at best Secondly, there was far less up volume today than down volume but I don't believe thats important because it is the heavy DOWN volume which is needed to blow out the last of the sellers. Thirdly, If the heavy down volume is followed by heavy up volume (tomorrow) then the argument for a bottom (short-term and tradeable)is strengthened but lets face it, there has been no fear yet and many stocks broke support today, as well as the S&P. I need a little more meat here. Fourthly, we had a doji star on the Nasdaq Nov 13 on 2 billion share volume but the rally off of that one lasted all of 2 days. Its amazing that clowns are calling this "the" bottom day when the Nasdaq and S&P closed at 52 week lows. I'll be happy to partake in a 15% rally but I believe it is another premature clown-called bottom.