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Strategies & Market Trends : NetCurrents NTCS

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To: Not_Active who wrote (6174)	3/17/2001 10:50:40 AM
From: Teresa Lo	Read Replies (1) of 8925

"...Nice advice, a year late..." I guess the only bright spot here with anecdotal comments like this cartoon you refer to, means, at least in terms of sentiment, that Every Man has now given up on the market. It probably shows that they are in the classic repulsion phase ("I'll never do it again") in the Justin Mamis sentiment cycle, and see no risk in missing out on profits by not being long, meaning that a bottom is here in the making. Of course we still need price action to confirm. Was thinking that any rally now would meet resistance on the backside of the neckline seen on the weekly S&P chart that I posted earlier today, so that would indeed be interesting. This was in my email today. More evidence of the "give up" phase: "A fellow I know called me today. Today alone, his stock portfolio dropped $38K. I saw his emotional difficulty with the stocks dropping periodically for some time. Now he just accepts it. Yeah, maybe someone can draw a 2B or not 2B? cartoon instead...oh, I guess we did, but I wasn't trying to be funny: August 2000: 204.244.168.151 January 2000: 204.244.168.151 T.

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