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To: BWAC who wrote (39421)	5/7/2002 11:22:05 AM
From: Larry S.	Respond to of 53068

pinching, i mean, picking bottoms- absolutely impossible. best way that i know is to wait for a higher high and higher low and a trend that seems to be in place. bottoms usually take at least 6 months to confirm. so, much better to wait until there is a strong indication of an uptrend rather than trying to catch successively lower bottoms. larry

To: BWAC who wrote (39421)	5/7/2002 11:34:06 AM
From: Joe Stocks	Read Replies (1) \| Respond to of 53068

>>Then wait for the exact hindsight bottom. I'm sure your crystal ball will conjure up the exact date hour minute second. << Quite the contrary. If you followed this thread I'm arguing for buying on a rising trend after a bottom has been put in. Those that are buying here in a downtrend are the ones using a crystalball. I'm saying it's worth losing a few points on the upward movement than trying to pick a bottom. Maybe Dan's buy of ORCL is a timely one. I'm just saying looking at the technicals and the fundies I disagree. Doesn't mean that either one of us is right or wrong until we see what the market gives us. Joe