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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (33766)	11/19/1999 1:04:00 PM
From: dennis michael patterson	Read Replies (3) \| Respond to of 99985

On Thinking. There is little doubt that bearish opinion is generally more rigorous than bullish opinion. The technical and quantitative analyses made by bears are always among the most impressive, at least to me. Take Heinz on rates and commodities. He has made some of the best arguments I have heard anywhere-- I rate him as one of the best. But rigor is no guarantee of success (Heinz, I believe, is successful: he does not let rigor get in the way). I believe-- FWIW -- that success in the markets comes from being able to take advantage of shifts in investor psychology. The psychology is mass psychology, to be sure, but it is a potent force. This gargantuan move from late October is all about psychology. If you were rigorous, you missed it.

To: Investor2 who wrote (33766)	11/19/1999 2:32:00 PM
From: lifeisgood	Read Replies (1) \| Respond to of 99985

Most buy-the-dippers probably have to think long and hard about it before they buy, especially with the financial media and fear mongers shouting that the bear is finally here. Where are you hearing these fear mongers? What financial media (excepting Barrons) is stating the Bear is here? It is exactly their absence which allows buy-the-dippers to continue their illusion that stocks only go up (after minor dips, or course). best... LIG