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

To: AllansAlias who wrote (45638)	4/11/2000 6:35:00 PM
From: Fun-da-Mental#1	Respond to of 99985

I think last tuesday was scary for traders, but for the average investor it barely registered. JMHO Fun-da-Mental

To: AllansAlias who wrote (45638)	4/11/2000 6:39:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 99985

I don't think last week there was fear for the man on the street. I was at a trade show and not a word was mentioned to me all day. I didn't notice the drop until I got to the hotel and turned on Bloomberg... All the dippsters I talk to still think it will come back... I was urging one of them to sell DRTN while in the 60's now high 20's...

To: AllansAlias who wrote (45638)	4/11/2000 6:47:00 PM
From: John Madarasz	Respond to of 99985

Allan... This is an excerpt from a piece presented here last Oct. 5th or so. I think it was Bob Beara who went so far as to make a great little graphic, which I dutifully copied and hung on the wall over the computer here<g> The file has long since expired... The accompanying graphic is something I've kept on the wall next to my desk for decades--I received it so many years ago I've forgotten its source. It tells the story of the market's cycle: At the bottom of the curve (when stock prices are depressed) investors view shares with contempt. As the market rallies, investors first are cautious, then confident. At or near the peak, investors have total conviction about their stocks, and even when prices begin to fall, psychology remains complacent ("It'll blow over"). Finally, when prices are down sharply, there is concern. As they fall further, concern turns to capitulation ("Get me out at any price!"). Which then leads to contempt--and the cycle starts over. Where are we now on the bell curve? With many stocks, I'd argue we're already into concern and capitulation. The bears say we've only crested conviction. Someone's going to be wrong. >>> Tom Petruno ---latimes.com. Best Regards, John M. ps, here's how the VIX closed for the day... quote.yahoo.com^VIX&d=1d