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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (38320)	7/23/2002 4:19:05 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

You may have your bottom. Maria Bartiromo apparently just recommended going short. -ng-

To: Terry Whitman who wrote (38320)	7/23/2002 6:03:30 PM
From: Paul Shread	Respond to of 52237

Message 17783543

To: Terry Whitman who wrote (38320)	7/24/2002 11:38:57 AM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Terry: Now that some permabulls have finally turned bearish, calling the market outlook "grim," I think the Dow may have touched bottom or come very close. The Dow came close to the '98 low today, where there was a big bounce then -- and possibly now. The buy target was the 7,500 area. The VIX came close to 57 today, the panic point in Sept., signaling capitulation. A McClellan-type indicator based on up/down vol. for the NYSE was back at Sept. levels last night, too. Again, a sign of a bottom. The complacency indexes have reversed from a low point now. I posted the charts on another list last night. The Adelphia news may signal a turning point, reassuring investors that Wall Street crooks will go to jail. So with the permanently TA-challenged traders calling the situation "grim" now (after screaming at bears since the downturn began), a rally is the likely scenario.