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Date: Wed, 24 Jul 2002 08:09:33 -0500
From: eric.spence1@comcast.net
Subject: Re: [CANSLIM] Market psychology
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Tom,
I would like a copy of that book. Do you know where any exist. I thought it was out of print.
----- Original Message -----
From: Tom Worley
To: canslim@lists.xmission.com
Sent: Wednesday, July 24, 2002 6:52 AM
Subject: Re: [CANSLIM] Market psychology
well, I have capitulated finally. A 20% loss yesterday overall on my IRA was the final straw.
time for me to break out WON's mini-book on shorting stocks and see if it makes any sense in today's market. It is undated, but I think about 20 years old.
----- Original Message -----
From: J. Lobatto
To: canslim@lists.xmission.com
Sent: Tuesday, July 23, 2002 3:59 PM
Subject: [CANSLIM] Market psychology
All the professionals are looking for a massive capitulation day to mark the termination of this bear market (i.e. an obvious panic day when they can start pouring money in). Using the fact that the market rarely satisfies the majority of participants, I suspect that the professionals may not get their wish. As such, one other scenario comes to mind:
The market continues this relentless water torture for an indeterminate amount of time and finally the bear market ends at some point with a whimper barely noticed by anyone, that is a new low is made on a fairly "normal" day and the market starts climbing back up the next day, either A) explosively or perhaps B) gently and imperceptibly and basically doesn't look back from that day on.
Any other non-capitulation scenarios that any of you can come up with? The reason I ask is that with my "B"scenario, we may not get the FTD day that will ring the bell for us either.
Jon
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