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

To: Paul Shread who wrote (2874)	3/14/2001 11:07:29 AM
From: JRI	Read Replies (2) \| Respond to of 52237

Don't know about the short-term...but at some point...I think the pessimism at the bottom has to come close to equaling the ebullience at the top...in my mind, that means, Naz stocks have to become undervalued....perhaps greatly so.....or at least go to pre-1995 levels.. I think the market grudginly accepts the Naz going back to 1998 levels now....It hasn't accepted 1995 as the start of the bubble (yet)... Even at pre-1995 levels, we got a ways to go....if we overshoot....oh boy....that's even more downside......however, even if market accepts 1998 bubble date as fact.., I don't see how we've overshot yet....just back to value...