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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (2224)7/30/2002 12:42:31 PM
From: Dave Gore  Read Replies (1) | Respond to of 10157
 
V, the Market is amazing again today, and no one should underestimate the power of psychology. Traders and even the small investors are starting to gain confidence.

The longer we trade sideways to up a little and base, the better for the bulls. The worst thing would be a sudden spike as that would restore volatility.

Reading Psychology is more important than T/A or fundies right now. The dropping VIX did indeed indicate confidence was returning I believe. Pres. Bush signed the Sarbanes bills, so there is some calm right now. So far, so good.