Chart update, page-4715

The Mind of the Market:

The underlying premise that stocks are more likely to go Up and stay Up if they are moving into "STRONG HANDS", but to go Down eventually if they are moving into "WEAK HANDS" is generally valid:

- A STRONG HAND is one which may be willing to Sell at a Higher Price but is unwilling to Sell at a Lower Price.
- A WEAK HAND IS is one which is usually Afraid to Sell at a Higher Price but more than eager to Sell if the stock begins to Decline.

There are always 2 groups of buyers and 2 groups of sellers:
1) those who willing to Buy or willing to Sell as the stock moves Up; and
2) those who willing to Buy or willing to Sell as the stock moves Down

The catch is that:
- ONLY those WILLING to BUY the stock as it moves DOWN can be considered SERIOUS BUYERS NOW (since those supposedly willing to buy the stock as it moves Up could, if they wanted to, buy it at its present price.)
- ONLY those WILLING to SELL the stock as it moves UP can be considered REAL SELLERS NOW (since those supposedly willing to sell the stock at a lower price could likewise sell now if they wanted to)
- Those persons who TALK about Buying a stock it moves Up & those who TALK about Selling their stock if it moves Down are only POTENTIAL BUYERS & SELLERS