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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11391)	7/29/2002 3:49:41 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 17639

Not saying the bear market is over but we did seem to have some capitulation in the past couple of weeks. I wasn't keeping track but I think we had 4 ticks over -1000 on the NYSE (could have had 5 and the reading was the highest in this bear) in 7 days and 2 for the naz (might have been 3). From a cross sample of those I deal with about 50% capitulated and the remainder are riding it out. The reminder still argue on the buy and hold for the long term. I just think (not hope) we may have set an intermediate term bottom. The market might have been signaling the 3.6% June drop. Time will tell. Of course the alternative is we head to new lows on the naz (doable), don's negative monthly signal. Tim