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To: bill meehan who wrote (93817)	4/13/2001 10:57:56 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

and you find that CNBC running a "finding the bottom" segment all week (as just one example) is indicative of the sort of giveup and massive bearishness that are associated with a sentiment bottom? Where is the massive bearish ness in the AAII or investor's intell numbers that comes with a bottom? Why has the dma of the index or equity put/call ratio not taken out the 1998 high? What sentiment data are you seeing that I am not? I see nothing but a herd WISHING that the bottom is here and scared to death that they will miss it, which by defintion means we have lower to go. you disagree?

To: bill meehan who wrote (93817)	4/13/2001 6:35:48 PM
From: Lucretius	Read Replies (2) \| Respond to of 436258

bill, i'm interested in what sentiment data you are looking at that helped you determine we are at a bottom. seriosuly? you gonna respond or is more of just a feel thing???? come on... convince me, make me a bull!! -bg-

To: bill meehan who wrote (93817)	4/13/2001 8:20:54 PM
From: t2	Read Replies (1) \| Respond to of 436258

Sentiment, which I have consistently stated is the technical tool most useful during times of extremes. Bill, If sentiment has taken a 180 degree turn, I would think that the following scenarios would continue to unfold: Technical Traders (who don't take note of sentiment) will stick with certain resistance levels on the Nasdaq and sell or short sell. They will have strong convictions about their approach as the Nasdaq has been in a nosedive for a while and they have developed a sense of confidence. That confidence can be costly to them if they turn out to be wrong--just as the bulls learned over the past few months. Many believe the resistance is a little below 2000 on the Nasdaq and I have seen certain investor sites telling people to get aggressively short as such levels. (I am not a follower of technical analysis) As the real buyers continue to add technology stocks, we end up in a very broad short squeeze in the Nasdaq stocks. Many of those stocks have small floats. That could create a very explosive rally higher--pushing the index easily to the mid 2000s (2400 to 2500 level) in a matter of a week or two. Do you see that as a possibility in such a short time?