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Pastimes : Bubble of 2000 - How will you call the bottom? -- Ignore unavailable to you. Want to Upgrade?

To: rolatzi who wrote (6)	9/11/2001 7:07:18 AM
From: joseph krinsky	Respond to of 8

Maybe the market has already turned. Today sure looks like it is shaping up to be a strong one. If the masses rush in so they don't miss the rise, if I was a shorter, I'd be very, very afraid. (g) Has anybody checked recently to see what the current status was on the well respected (LOL) "women's skirt" theory? You know, where they are in relationship to the knee is where the market is going. In case anyone forgot, years ago they used to say that if the skirt was above the knee, market goes up, below the knee, market goes down.

To: rolatzi who wrote (6)	9/19/2001 3:00:07 PM
From: rolatzi	Respond to of 8

The VIX is presently in the upper 40's. I won't touch this market until it hits 60. Five year lows in the DJI have been pretty good in being near bottoms and safe for investing. For example, the gain 9 months after 5 year lows was: June 1921 +112% May 1931 +39% April 1942 +89% In 1931, despite the five year low, the economy was still in a deflationary spiral and interest rates rose during that year. So if interest rates continue to ratchet down and we don't go into a deflationary spiral, which I assume the Federal Reserve will do all it can to avoid the following are my target 5 year lows for the popular averages. Rolatzi