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Strategies & Market Trends : The New Economy and its Winners
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To: fedhead who wrote (11421)5/8/2002 5:15:16 PM
From: 16yearcycle  Read Replies (1) of 57684
 
First, the neg sentiment peaked yeserday after 7 bad weeks. Go read the bear threads. They were stepping in all day and getting butchered and they will likley do the same tomorrow.

It takes more than 1 big up day to generate an overbought sentiment, but this market is evil: it pays to be careful. Look at the returns I have researched on the periods after a huge day like this so we can see what has happened before and deal with reality.

All the best.
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