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

To: NucTrader who wrote (45523)	7/12/2002 9:02:51 PM
From: UnBelievable	Respond to of 209892

Sure What would you want to see which would make you comfortable making the call though? I found today so lacking in organization, direction, and leadership that it seemed fairly clear to me that there was nothing about the trading at this level that would lead one to conclude that there is an emerging consensus that this is a stable base that we can build upon. I don't know that we go materially lower before we can begin a sustained up leg, but based on recent trading I don't know on what basis anyone could really say with conviction that we don't. I do think that unless we muck around here (here being plus or minus 50 - 75 SPX points) for a while, now, it is difficult to imagine that we won't be back fairly soon.