Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Compadre who wrote (47305)	10/21/2003 10:16:19 AM
From: Paul Shread	Read Replies (1) of 52237

We already had a very nice run off Sept. 30, as nice as anything in August or September, and the sentiment on the pullback has been nothing like the August 5, 26 or September 10 pullbacks. Heck, look at this reading on Sept. 10: cboe.com That said, there's finally a little promise here: cboe.com You could well be right on direction here; certainly we bounced back from two days of intraday oversold conditions (I prefer closing myself, but I never get it -g). But fear didn't spike the way it did on previous mini-corrections, which sometimes had three or four straight days of high readings. I've been wondering if the improved employment numbers have actually made the market more vulnerable to a correction by increasing belief in the recovery and hence complacency. Just a thought...

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