SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs
SPY 683.21+0.2%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Johnny Canuck who wrote (34123)9/8/2001 2:32:41 PM
From: Suresh  Read Replies (1) of 69376
 
Hi Harry,

I don't think we will enter a long period of investing away from the market by the masses. However, the hit that most have taken will force us to trade in ranges until the fundamentals catch up with the valuation.

Regarding mass psychology... optimism among public is very high compared to pessimism. When people have access to latest information and that information reaches essentially the entire spectrum of population in practically no time, it is very easy to manipulate those emotions and turn the tide around. I really think that we will have a very wild trading range (monthly chart) which might bottom around 1200-1400 for NAS and top around 4000 - 4500 for a long time.

Later,

Suresh
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News