Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (48665)	3/26/2001 12:46:46 PM
From: parker_meridian	Read Replies (1) \| Respond to of 62348

Typically...the "too many people" are still looking for the bottom...when the advance is half over...We look for Comp 2400 before May 1

To: Andrew who wrote (48665)	3/26/2001 1:21:12 PM
From: the Chief	Read Replies (1) \| Respond to of 62348

Too many people are looking for the bottom, what could possibly signal this as the bottom? This is a Bear trap. Quite simply just like bull markets have pullbacks there are also bear market rallies. A far as I see it the major teckies are still making new lows, CSCO, INTC, SUNW. Yes bottoms are easy to pick in a bull market but not in a bear market and make no mistake we are in the grip of a big bear. I'm not lookin, I think its in. The major teckies will lanquish near at or even set new lows...that will occur until April 15th after that I think we will consolidate in some sectors and ralley in others. The net-net will be a rising Nasdaq. Whether that signals the "end of the bear" is irrelevant to me. It is a shortterm ralley that will be profitable. So why do I think the bottom is in? Well we have got sheep and cows being killed off in Europe and Britain...we have the japanese economy in the toilet, we have China on the verge of devaluation, stocks being slaughtered. dot.coms dieing left right and center.......all the "inverse but same" indicators the bears were warning bulls of when the market topped. A Bear can never recognize the bottom just as a bull can never recognize the top. Recognition brain cells of the reversal to that groups thinking are dead. "My guess" is the bottom is in. I have been wrong 4567.89 times before...once more won't hurt me. the Chief