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

To: stockman_scott who wrote (5083)	4/5/2001 11:00:22 AM
From: JRI	Read Replies (1) \| Respond to of 52237

Scott- IMO, the mere fact that there are so many articles looking for the elusive bottom.... Means we are nowhere near it.....sure, we'll get rallies and dips...but the bottom we'll likely occur when everyone is bored w/stocks, and everyone is so tired of "bottom" calls, that nary a writer dares waste the ink...that likely means years (yes years) away... There is still way too much jumping (long) at any decent news (everyone trying to time a bottom)......I'd be careful...I think today is a total headfake....wait until you see a massive volume, huge down day....I don't buy the line that we have been capitulating already (but that's just me.....)....Also, when the bottom does occur, we should chop around there for quite a while, so you'll have plenty of opportunity to get in.....your buys will likely be dead money for a while....(but at least not going down substantially).. Now, if you're trading, that's a different matter, although...I still think this move is a headfake...could go some higher...but a breakaway gap doesn't make sense to me...we'll see.... Good luck...