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hatebreed · 07-21-2002, 05:51 AM

Psychologically, you know a down turn has come to an end when EVERYBODY is saying the market will go down the drain.

Think about it.

Dow Jones is at 11.000. Everybody is invested and talking about how the Dow will rise through the roof.

Dow takes a hit to 9.000. Some people get out. Half of the bunch is thinking "Sure it will come back pretty soon".

Down goes to 8.000. "Everybody" gets out of stocks. People are painting horror scenarios. Market sentiment is at an all time low.

Moral: Only if there are ENOUGH pessimistic players around the market can start another longterm uptrend.

07-21-2002, 05:51 AM
hatebreed Registered User Join Date: Jan 2002 Posts: 71	Psychologically, you know a down turn has come to an end when EVERYBODY is saying the market will go down the drain. Think about it. Dow Jones is at 11.000. Everybody is invested and talking about how the Dow will rise through the roof. Dow takes a hit to 9.000. Some people get out. Half of the bunch is thinking "Sure it will come back pretty soon". Down goes to 8.000. "Everybody" gets out of stocks. People are painting horror scenarios. Market sentiment is at an all time low. Moral: Only if there are ENOUGH pessimistic players around the market can start another longterm uptrend. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.