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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (13344)	3/26/2001 6:42:43 PM
From: velociraptor_	Respond to of 37746

Good points JRI...I think the general public has gotten too used to making big money and they don't know what 3 year bear would look like. CNBC keeps calling a bottom because it's oversold or because bear markets typically last so and so long, etc. The bullish rise to Nasdaq 5000 and DOW 11,700 was not typical at all and doesn't even compare to 1987 nor 1974 in magnitude. In fact, it even outshines 1929. I don't expect anything to be typical about this bear either. One other thing...I find it curious how everyone is now using "contrarian" indicators to suggest a bottom because too many people are bearish, yet we have not had panic selling, and by that I mean volume that is 2-3 times normal, not what we saw last Thursday. (In fact, I don't see that many people as bearish yet myself). But anyway...would it not be uncanny for the contrarian view to the "contrarian" view which is now normal to be the more correct assessment? In this respect, those who are bearish are correct, yet they have not convinced themselves to sell (no panic volume) because they are taking a contrarian view. Just something to think about.