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To: AllansAlias who wrote (85001)	3/24/2001 9:33:35 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 436258

Interesting. I do think a bottom of some magnitude is at hand soon. It could get worse before it gets better unfortunately- or fortunately if you're short. <g> The 70's seem to fit the mold for this market. Although things are certainly different- A much larger participation by the sheeple, er public, now than then. Lots more clownbucks are floating now, etc. Things are always different, but cycles tend to repeat...

To: AllansAlias who wrote (85001)	3/24/2001 10:35:20 AM
From: marginmike	Read Replies (2) \| Respond to of 436258

ALLAN its very tough to gauge what inning we are in. The Real Economy just wont turn over. There are inventory issues, and some soft areas but big tech companies are still GROWING. In the 70's the real Economy took a disasterous hit from Oil prices that compounded the initial bear market. So the question is what will be the Catalyst to really shake up the Economy. So far a Naz down 62% has barly fased the Real Estate market and Auto sales are rebounding. In 98 the real economy never followed the market declined, and I went long because I knew things just were not that bad. I am beginning to think that again the economy is still chugging along. Unless we have a currency crissis or some type of calamity I think the Naz, and maybee the DOW will hold ground here until economic picture becomes clearer. The Technichals are also pointing to a decent ST bottom. Rydex is inverted, VIX at 42, Heavy volume revershal's 2 days in a row, Massive short positions that need unwinding etc. I am more perplexed then ever.