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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.63

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Dec 8 4:00 PM EST

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To: KymarFye who wrote (81895)	9/21/2001 1:48:54 AM
From: Boplicity	Read Replies (1) of 99985

Sure we will have playable bounces. But the overhead resistance is large from the speed of the drop, that it will keep a lid on the market, along with investor apathy from the bubble popping. I just feel a new base will have to be established while we work though current conditions before a sustaining rally will happen. Technically the market looks oversold, that's obvious, but underlining the TI are real people, having real fear with a "stuff in the mattress mentality" that is growing daily. I just don't think all that fear is priced in yet. When I look at the market I want to get in the minds of the real people that matter, fund investors. You have to remember how disgusted people were before the attack. Many investors were walking away, right now they are scared more then ever. They are going to need something to cling to on the economic front to draw them back into the market in a meaningful way. Maybe redemption slowing can be useful precursor. I would love to have a graph of the percentage of individual that were in Mutual funds over the past 5 years. b

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