[CANSLIM] Market psychology

From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: [CANSLIM] Market psychology
Date: Tue, 23 Jul 2002 15:59:55 -0400

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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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<DIV><FONT face=3DArial color=3D#0000ff>All the professionals are =
looking for a=20
massive capitulation day to mark the termination of this bear market =
(i.e. an=20
obvious panic day&nbsp;when they can start pouring money in). Using the =
fact=20
that the market rarely satisfies the majority of participants, I suspect =
that=20
the professionals may not get their wish. As such, one other scenario =
comes to=20
mind:</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial color=3D#0000ff>The market continues this =
relentless water=20
torture for an indeterminate amount of time&nbsp;and finally the bear =
market=20
ends at some point with a whimper barely noticed by anyone, that is a =
new low is=20
made on a fairly</FONT><FONT face=3DArial color=3D#0000ff> "normal" day =
and the=20
market&nbsp;starts climbing back up the next day, either =
A)&nbsp;explosively or=20
perhaps B) gently and imperceptibly&nbsp;and basically doesn't look back =
from=20
that day on.</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial color=3D#0000ff>Any other non-capitulation =
scenarios that=20
any of you can come up with? The reason I ask is that with my =
"B"scenario, we=20
may not get the FTD day that will ring the bell for us =
either.</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial color=3D#0000ff>Jon</FONT></DIV></BODY></HTML>

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