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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.73

-0.2%

Dec 15 4:00 PM EST

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To: HairBall who started this subject	3/7/2001 4:48:54 PM
From: jmootx	Read Replies (2) of 99985

I really like the psychology of this rally The last time I remember a wall of worry mentality was the period leading up to and during the Asian financial crises. After the Fed cut rates to save LTC, this mentality seemed to vanish and the speculation/fear of missing the Dow 20,000, COMPX 10,000 mindset set in. Now The Street is full of worry--"yes stocks have come down, some our cheap, I am cautiously buying, guidance is a worry, will this rally last, not so sure we will recover before 2002..." To support a good bear rally with the potential of meeting or breaking some of the technical resistance this anxiety is important, and I do question the accuracy of most bull/bear sentiment indicators until this worry psychology takes hold for a cycle.

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