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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: keithcray who wrote (15017)	9/8/2001 7:51:19 PM
From: quasi-geezer	Respond to of 208838

folks, if the MMs want to induce a collapse on Monday, I don't believe they would dropped the Nasdaq for only 17 points on Friday, you cannot maximize the Nasdaq impact by dropping just 17 points, if the Nasdaq dropped 100 points yesterday, then we might get the bottom, as of now, I am expecting a bounce early next week, only to resume the downturn at the end of the week ...

To: keithcray who wrote (15017)	9/8/2001 8:23:35 PM
From: DebtBomb	Read Replies (1) \| Respond to of 208838

Thanks keith, that's good info IMO. Here's a few things I look for to signal a GOOD bottom: 1. Trimtabs thinks we've washed out, (they called it, end of March, I would give you the link, but now their links don't go back that far to show you). 2. Some talking heads capitulate, (Walberg did, I think on 3/28, selling CHKP, QLGC, I think, whatever it was, can't get back to the link now to show you). 3. Heavy, panic like, get me out at any price, selling and volume. 4. Barton Biggs called the bottom, end of March, and the percentage move up, I think Meehan called the rally too. At the present time, I don't see any of these things happening, I'm afraid to say. But, I think we'll get a short term bounce here soon, especially with the Arms index signalling, VIX shooting up, put/call high, etc., and I think it will be shorted down, IMO. Oh and by the way, Trimtabs 9/3, they sold their S&P long futures, and shorted the Nasdaq 100 futures.