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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5213)11/9/2000 9:14:47 AM
From: Casaubon  Read Replies (2) of 19219
 
Even more baffling is the lack of fear with little or no movement to cash or short positions in the face of buckling supports with tremors everywhere. It is the equivalent of daring a finacial earthquake to materialize since the little red riding hood has cried wolf so many times only to find there is no wolf... Well, they are now conditioned to think this time is no different when in fact this has come upon them like a frog in warm water feeling nice and cozy before getting cooked.

It is the perfect set up to bleed down for quite some time. Occacionally swift updrafts will occur, which market timers and trend followers, will find hard to take advantage of and get long from their safe haven on the sidelines. The updrafts will serve to relieve pent up disgust and fear causing most to leave their dollars in the pot as they have been trained to do for many years. Afterall, markets don't go down for two straight years, right?!
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