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To: AllansAlias who wrote (67983)2/15/2001 12:43:56 PM
From: marginmike  Respond to of 436258
 
1)Less sellers on each down move, Generals finally taken out. Increasing volumes after selloffs. this signifies the Down part of the BEAR is done. Kinda like 74 the worst is in and the base process begins
2)Russell, small caps and Mid caps are all up for the year and are in my opinion going to break out soon.
3)SInce oct 98 the broader market A?D was terrible and for all purpose it was in a bear market. Those stocks have been basing since april 98 and are starting to show life on the upside. Dow will be through 11K any day now.

The action I seee is a market that is running out of sellers, and the Buyers quite havnt showed up. The Economy though SOFT is better then most think it is at this moment in time. I am neither long nor short but on a pullback here would go long because I feel until new worries arise its the path of least resistence.