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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Cormac who wrote (8565)	5/26/2000 9:20:00 PM
From: booters	Read Replies (1) \| Respond to of 18137

Adding to the psychological comments I think it is interesting to hear the talk on a lot of the other threads. Very many of them are trying very hard to convince themselves the bear market is over and the market will go up from here. I hear people bending their rules and warping their analysis to make things fit into turn around, bottom forming, things should go up from here, kinda stories. They are not just reading the market but reading into the market what they want to see. If this really is a bear market and not just a very large correction then the bottom is not even close. Not until all those people ( most anyway ) have given up and gone else where will the bottom be found. Not until everybody is convinced the market is going lower will it turn around. One could easily argue that only the first wave, the newbies, the "it looks like fun lets try it" group are gone. Their are many more than just the hard core left standing at this point. I have no idea if this is the bottom but I will add,we had much of the excitement one would expect from a bull market top but so far very few of the ear markings one would expect from the bear market that would follow such a historic run up in the markets. IMHO boots Edit: I did not mean for this to sound so grim and by no means am I making any predictions as to market direction. For all I know we could end the year with the DOW at 18,000. But up or down my comments come from a concern for those I see and hear that are reading their hopes into the market instead of listening to it.