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To: patron_anejo_por_favor who wrote (189843)8/28/2002 5:01:47 PM
From: stan_hughes  Read Replies (1) | Respond to of 436258
 
Sometimes the stars do align - the MACD is rolling over, RSI just went back below 0, and the DMI indicates sellers have moved back into control. Voodoo lore does not favor the bulls here.

I think market psychology is probably more important right now. Confidence is sufficiently fragile at the moment that if we start to head lower again, a lot of Mom & Pop Investors are going to pull the plug this time. IMO they won't have the belly to sit around and relive the gut wrench they had this summer.

And when those calls to redeem start coming in from Peoria and Topeka, it won't matter what da boyz are doing by then. Mutuals don't have any cash and they're going to have to start hitting the bids. If as and when the foreigners pick up the scent again, it could be Katie bar the door