For those of you who were around in 2000-2002

What was the news/catalyst like at the top of the bear market rallies. Was the top usually makred by real bearish or real bullish news? This is assuming of course we are in a bear market rally..... Edit: Spelling SL

Edited by StillLearnin, 06 May 2008 - 02:51 PM.

I can't tell you what sentiment was like for sure...but seem to remember people were very hopeful with each rally....but don't forget...there was a ton of people severly underwater with tech...refusing to dump. ...I also seem to remember...CSCO had a habit of starting rally's during that period....with Mr. Penny loafer always beating by the magical 1cent.

I can't tell you what sentiment was like for sure...but seem to remember people were very hopeful with each rally....but don't forget...there was a ton of people severly underwater with tech...refusing to dump.
...I also seem to remember...CSCO had a habit of starting rally's during that period....with Mr. Penny loafer always beating by the magical 1cent.

mr penny loafer...that is perfect...

still learning....the techs lost 70 percent of their value while the nya was still at its highs in jan of 01...

much like the banks today....

my charts are set up hinting that they'll like csco numbers....temporarily... lol

my charts are set up hinting that they'll like csco numbers....temporarily... lol

as long as they like em up to ndx 2050 then ironcross is happy and fat

I don't think you get 2050....but you should get 2010/2020

Edited by Teaparty, 06 May 2008 - 03:16 PM.

i was around and trading in 1969 and really not sure anything but price matters. price is the only thing that tells the truth.

I don't think you get 2050....but you should get 2010/2020

but i want an umpa lumpa now daddy!

msft, intc have gaps above to fill which i think will float it...then csco will embellish

My easy target too, for this move 2050, but then higher about 2124.

my charts are set up hinting that they'll like csco numbers....temporarily... lol

as long as they like em up to ndx 2050 then ironcross is happy and fat

Still learn'n, although the patterns are the same the players are different so each rally is unique. So try not to overlook that......Funny that you ask, this came up recently I receive a weekly market report from Stephen Tetreault and he shared some history from 2000-2002. I copied the piece on bear market rallys from his report below: "On April 14, 2000 the SPX hit and intra-day low at 1,338; then in just a week and a half later on the 25th the index had gained a whopping 139+/- points as it closed at 1477, now that was a very nice 10.3% rally not a bad return at all, and those on the various bubblevision networks were besides themselves with giddiness The next interim low was set on 5/23/2000 at 1373; then within 2-months on 7/19 it closed at 1510, a bullish move of 9.9% over two months…and the stories were all over the airwaves that the BEAR-was-DEAD…. On April 3, 2001 SPX posted a low of 1100 and panic was growing. On May 21 it closed at 1312, a huge mega relief rally of 19.2% rally that no doubt made the bulls giddy with glee…then on 7/23/2002 SPX traded down to 775 on an intraday basis, a closing at 797 and within a month it closed at 962, another 20.7% relief rally then it rolled over to 768 into October 2003."