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Arms Index Tracks Capitulation.(SERIES: INVESTOR PSYCHOLOGY)(A)(INVESTOR'S CORNER)
Byline: DAVID SAITO-CHUNG
Investor Psychology:
Seventeenth In A Series
The market's action in the days before a bottom can be crippling.
In a single session, down stocks outnumber up stocks. Volume soars. Yet such selling exhausts itself. After the panic-stricken finally get out, new buyers bid prices higher and the institutional herd follows. A new rally begins.
As this column noted last week, the best way to spot the market bottom is to listen to the market itself. Wait for 2%-plus follow-through rallies among the Nasdaq, S&P 500 and Dow. Don't be fully convinced until a few sectors yield stocks with powerful breakouts. …
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- A Last Look At Investing's Key Psychological Aspects.(A)(INVESTOR'S CORNER)
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Magazine article from: Investor's Business Daily
June 12, 2002
700+ words
