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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (20236)8/5/1998 11:41:00 AM
From: Hank  Read Replies (1) of 79237
 
Doug,

My feeling is that yesterday created a lot of psychological damage. Everybody knows the market isn't likely to go straight down forever, so they are staying out of it until the next rally. Then I think you'll see some selling like the market has never seen. People will be cashing out their mutual funds and the whole nine yards.

Hank
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