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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: The Freep who wrote (43489)	6/27/2002 8:45:17 AM
From: bcrafty	Read Replies (2) \| Respond to of 209892

Freep - thanks for the article I think he best echoes Jeff when he says "Rarely do market bottoms occur when and where most of the street expects them. Something different will have to occur. Panic lows do not occur until most investors are in fact, truly "panicked", and we do not sense that here. A far more serious plunge than even the Bears expect short term may be necessary to produce this phenomenon in this time frame. When your gut is telling you, "I need to get out no matter what", that will be when a panic low is most likely." I'm sure people will think the following idea is silly, because the current technicals and fundamentals don't support this idea, but here goes: what if we don't get a capitulation at all? What if the current decline ends on a whimper instead of a bang? The end of the bear markets in 8/82 and 12/87 ended that way. That last sentence is not to imply that I meant "the" bottom but instead only an intermediate trading bottom for a few weeks/months (as in 4/01). As far as catching people off guard, which is what many think should happen, that would certainly leave quite a few bears disengrowled. (you like that word? I think I just made it up)