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Re: happycampers post# 7988

Thursday, 07/11/2013 4:21:08 PM

Thursday, July 11, 2013 4:21:08 PM

Post# of 25154
The Moral of the Story: During primary bull & bear markets, the psychology of all investors moves from pessimism & fear to hope, overconfidence, & greed. For the majority, the feeling of confidence is built up over a period of rising prices, (As WPNV has consistently seen over the last 30 days) So that optimism reaches its peak around the same point that the market is also reaching its high. Conversely, the majority are most pessimistic at market bottoms, at precisely the point when they should be buying. (hence, you see people like Diesel show up hoping for bottom. ;)) These observations are as valid for intermediate-term peaks and troughs as they are for primary ones. The difference is normally of degree. At the intermediate-term low, for example, significant problems are perceived, but at a primary market low, they often seem insurmountable. In some respects the worse the problem, the more significant the bottom.

Hence, what we saw today, both fear & optimism @ two different points in the day!

This is just Consolidating... in time, w/ the right news, this will be huge! All My opinion but... Just saying.

GLTA,

Ssb22