The Nasdaq bottoms today

D

deadreader

Just want to get this down for the record. Today is the begining of a new bull market.

If you're not 100% long stocks by the close than you've missed the bottom.


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October 8th 2002 4:33 AM ET
 
Just like when we got to the top, when the most unsavvy investors / traders start opening up new accounts at Dean Witter and sticking it in the "Big Bad Bear" fund, then we will know that the bottom is upon us.

In the meantime, the trend is obviously down. We won't have a bottom until something "amazing" happens to the market (i.e. crash). You can't have a recovery until it gets really bloody. This is just a warm-up but the fat lady is still off-stage.
 
Originally posted by deadreader
Just want to get this down for the record. Today is the begining of a new bull market.

If you're not 100% long stocks by the close than you've missed the bottom.


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October 8th 2002 4:33 AM ET
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I guess its official then. Market is going down today.
 
Just wanted to add some other folks 2 cents worth:

Alan Farley of Hardrightedge seems to be looking for some type of rally in the near future per today's post.

And at Dynamic Traders.com Robert Miner is also calling for a low this week, most likely OCT 10, and the beginning of a corrective rally, "lasting weeks, if not months". Don't forget however, 2 months qualifies as "months".

Martin Weiss is still looking for 7100-7200 near term. He is also looking for 6000 if we would "smash" thru 7100. If the above two prognosticators are accurate then he won't be this time around.

For the record, I am not associated with any of these guys and am not soliciting for them in any way.
 
Originally posted by deadreader
Just want to get this down for the record. Today is the begining of a new bull market.

If you're not 100% long stocks by the close than you've missed the bottom.


-----------------------------------------------------
October 8th 2002 4:33 AM ET
More...
deadreader-----
kudos to you for sticking your neck out here, Its funny I just programmed my "whamo" basket for a near term rip up.:cool:
 
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