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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (38522)	12/20/2000 6:49:29 AM
From: Square_Dealings	Read Replies (2) \| Respond to of 42787

"perhaps a bottom will only be formed when people like us aren't prepared to trade ?" The market needs to return to a lower volatility before the bottom is marked imo. So far, despite the huge slide people are willing to jump right back in after a big down day and even buy up stocks after hours which are marked up only seconds after the regular trading closes. I am expecting "the bottom" to come after more washout followed by some basing action, not 8% spikes back up in the indexes the next day, or after hours ramp jobs. As painful as it is the bright side is that after this is over we should be back in a better environment for investment. People will be paying much more attention to earnings multiples and return on investment rather than the "new metrics". We need slow and steady gains that hold, not huge ramps that fall apart the next day. It's going to take a while. Wait for Abby Cohen to capitulate. M.