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To: BigBull who wrote (89588)	4/2/2001 8:40:26 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Cave dwellers rule: Scroll down to the bottom and look at the ytd performances. Cash is trash? prudentbear.com

To: BigBull who wrote (89588)	4/2/2001 9:57:46 PM
From: isopatch	Respond to of 95453

Indeed Bovine one, "In the land of the blind, the one eyed man is king." Funny you mention Cyclops. When natural scientists first examined skulls that ancient civilizations had classified as Cyclopean? Turned out they were elephant skulls! With the elephants legendary memory, it could be this is the key faculty that ancient cultures valued as that which separates men of vision from the blind masses. Perceptiveness, insight or whatever term you choose to apply to successful investment decision making is essentially pattern recognition based on unconscisous as well as conscious memory IMO. All of the best traders I've worked with have great instincts. But what is that really, other than the surfacing of unconscious memories as a current pattern is viewed and acts as a catalyst?! Sorry to ramble. Just think the process of good, cool headed, decision making is fascinating. Especially understanding the strengths and weakness in one's own. As far as support levels in the OSX, NAZ, other indices or individual stocks are concerned? Support, of any kind, is FAR less important in a Bear Market than a Bull Market. During a Bear Market it's resistance levels that are dominant. Suport levels really exist only to be broken. And in the process of giving way, to lower than expected prices, create the fear and bearish sentiment that eventually creates THE bottom. As far as attempting to estimate where the final low might occur? Since early Feb, in a response to Slider, I've been working with 1400-1500 NAZ. Recently saw a good case made for the Dow Diamond formation projection of just under 8,400. But these are just good estimates. Nothing more. What I've always done is use estimates like those as working hypothesis'. When we get to into those levels our tool box will provide what we need to make the final decision whether it's time to pull the trigger. Or, that there's enough risk of breaking to a lower range that we either only stick a toe in the water or wait for still lower prices. ONE of the tools I'll be using as we approach those levels is polled and anecdotal sentiment evidence. Here's SOME of what I want to see before I get LT bullish again: 1. Individual investors, analysts and the talking heads have all STOPPED trying to call bottoms indicating that fear has overtaken greed. When that occurs, we'll know we've made some real progress and are about to enter the final down leg. 2. Individuals W.S. spokespeople passionately argue the merits of capital preservation vs taking risks to pursue possible profit opportunities. Stocks are increasingly seen from the standpoint of risk NOT reward. AND hi cash levels become popular in investor portfolios.(g) 3. The public has finally become very, VERY bearish about the market and sells heavily across the board. We aren't even close to that kind of liquidation yet IMO. 4. Finally we hear investors saying on the boob tube, "I'm NEVER going to buy another stock as long as I live." Then we're at the bottom. lol. I could go on and on. But I think you get the idea(ggg). Best Iso