Market Emotions

[biggdog1]

Well I don't believe very many of us saw today's rebound coming. Contrary to many people's beliefs, the Market is a living breathing entity. Like a young woman or an old man (not being sexist) it reacts. Emotions can and Do effect how it acts. With todays FED news it went up. When KATRINA hit most thought it would go down, however immediately after it rose. All I'm saying is contrary to hysterical charts, your moving avg.'s and whatever your investing info the Market does react to lifes little piles of poop. Just remember that. I made a big mistake last Friday and ran to the G-Fund, therefore I lost what was probably the biggest gain day of the year. Birchtree you should be a very happy SEADOG today.

 

[Birchtree]

Don't worry - this was not the biggest gain day of the year - there is much more to come and plenty of time to catch a ride. Look for a blow out 4 to 1 ratio of advancers versus decliners - back to back. This could easily be the start of a secular bull move.

Dennis

 

[mayday]

birchtree optimism

Birchtree your optimism is astounding to me. Do you see a down side at all this year? Any hint of retreat, any vague premonition of woe? mayday

 

[JerBer]

It really is such a crapshoot, knowing when to stay on the sidelines or to play! Yesterday could have just as easily done the reverse if the fed minutes would've forecast gloom! But it's a great start to the year, and hopefully the momentum will continue a while.

 

[Birchtree]

Mayday,

A 4-year cycle low that will take the SPX below its 12-month moving average is due around September or October '06. If the market can push to significant new '06 highs during 1Q06, (1291 or 1368) higher highs more than 27 months into the 4-year cycle, then the Sep to Oct'06 low is likely to be relatively mild. If the SPX cannot move aggressively to new highs 1Q06, then the retrenchment into the low is likely to get nastier. There are many variables to watch for, especially divergences. You can find plenty of information by reading my account talk thread from last year. It's full of stuff.

Dennis-perma bull #2

 

[tsptalk]

It really is such a crapshoot, knowing when to stay on the sidelines or to play! Yesterday could have just as easily done the reverse if the fed minutes would've forecast gloom!

Or if they released those Fed minutes Christmas week...