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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (8449)	4/19/2001 3:20:36 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 15481

Stolen from a thread where it was stolen from a thread, where.... Message 15686312 To:Ruffian who wrote (97668) From: Kayaker Thursday, Apr 19, 2001 12:32 AM View Replies (2) \| Respond to of 97683 ....The first rally must have a tremendous surge for a major market advance. If it does, it generates more buying enthusiasm and brings in people who missed the first move. It prevents a large correction because that first rally reverses the market psychology. People who missed it are sitting there loaded with cash and eager to get aboard. So, after the smallest setback, new buyers enter and there is no sharp correction. One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction and it never comes. The market just keeps climbing and climbing. It feeds on itself in frenzied fashion and propels prices considerably higher for six months or so, and sometimes longer. Marty Zweig Winning on Wall Street 1994 Message 15685797