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To: Thean who wrote (8140)1/14/1998 10:15:00 PM
From: Bazmataz  Read Replies (3) | Respond to of 95453
 
All: RDC hasn't broken the downtrend yet according to my charts. They need a strong day tomorrow on decent volume to confirm a breakout. Anything down continues the downtrend. Am I the only one still concerned?

We are all exhibiting typical downtrend investing psychology. As soon as these stocks rally, we all celebrate and feel good and talk about buying more. But these stocks are making lower highs and lower lows. Many stocks I've checked in this sector are STILL in a DOWNTREND! When is rises in the recovery, we celebrate and talk about buying, and then we move lower and make lower lows. This means we all buy at these progressively lower peaks. Isn't anybody else picking up on this?

I may be stupid, but I won't buy in force until some of these downtrends are pierced to the upside. Until then, the downtrend continues and I'm waiting. I'll appreciate any feedback.