A.I.M. Users Bulletin Board

[Jennie]

Hi Tom-

I caught one of CNBC`s "experts" the other day, who was a technician without an apparent axe to grind but with an historical perspective. He said that at market bottoms, the first marker is that the market simply stops dropping-(is that a DUH?) but that since the 50`s every bear market-10 or so-has then meandered for 3 to 7 months before beginning a prolonged rise. Or as my friends from the Far East would say:

When bottoms are near
We meander a few months
And then go higher

Regards,
J