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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (31377)	3/4/2002 12:31:34 PM
From: Terry Whitman	Respond to of 52237

Agreed, It sure seems that way- from observing various media this weekend. I wouldn't necessarily treat that as a contrarian sign at this point in the cycle, however. The public tends to believe what the media tells them. Not that what the media puts out isn't mostly true- It's what they choose to put out that is telling. Right now you'd probably want to be a bit cautious on the long side since there seems to be a crescendo. Longer term, the longs should be fine. So far only the smart money has become confident and entered the market- the dumb money follows later. They become confident when they are told to- by the media, their friends, their broker, their hairdresser, etc. Of course a rising market has alot to do with public confidence. If we correct from here out for a week or so, that budding public confidence will be slapped back down like a stray nail at a carpentry class. A true contrarian strategy only works near the start and end of market cycles. In the middle- the majority rules. Just my half baked opinions. <g>