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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: KevinMark who wrote (8532)9/28/2002 12:43:56 PM
From: Lone Ranger  Read Replies (1) | Respond to of 30712
 
KM,
If you've followed this thread for any length of time. You know Naz 1000 is not the true bottom. But its the one that will hurt people the most, as most will then pile in thinking they've caught the bottom. Fat chance. We're in a bear market.



To: KevinMark who wrote (8532)9/29/2002 3:44:11 AM
From: Abner Hosmer  Read Replies (3) | Respond to of 30712
 
>>I see them all in mutual agreement the Nasdaq is heading to 1000 before year end. Don't think so.<<

Well, when I look at the charts, they all look like crap, but there's an additional one that really freaks my stuff; the Rydex bull/bear ratios. Talk about a parabolic, what the heck is up with that.

I have a really hard time with the idea that all the manics are going to be rewarded for piling in on the down side just now.