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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (48951)	4/9/2002 11:57:53 AM
From: Ron Dior	Respond to of 99280

SM anything can happen this is true. My point is, as positive as bears are that techs are Banter fodder, I am more so positive that techs will come back strongly. Like I have said many times in the past, unless the Saddam /Osama situation gets WAY out of control with the US in the middle, this market goes up, end of story! If the bears were correct, current news should have put us in a plummet downward. The Nas holding up as well as it has amongst all this negative news, puts a huge hole in the bear’s case. The dips are being bought not sold, they know it and are frustrated. That is why 90% of all posts come from them crying gloom and doom. The bears are late to the party by shouting at the bottom. IT spending has bottomed. People can post all they want about how IT spending is non-existent but no one cares, it’s old news. The new news is that IT spending has bottomed and will eventually improve. They can post about how the economy is in a slump or recession, unemployment is very high, etc..etc.. No one cares, why? Because they’re not getting worse, they have bottomed. The best the bears can hope for is to pull the market sideways and pull out “dumb money”. As soon as real volume comes back, it will be on the buy side and the bears will be crushed. Ron Dior