understanding the psychology of behavior

I am observing some conflicting TA out there.  The market appears oversold, and wanting to bounce from current levels.  Except there are bets being made the market will decline.

Fear is rising, but so is the market.  This could be a re-adjustment in complacency and ultimately mean nothing for the overall markets. (As I have always felt the VIX is too low for the current economic environment.)

I am going to let my trades ride out, but I am cautious… very cautious.  Curious to see how things develop toward the end of the day.

This entry was posted on Tuesday, May 27th, 2008 at 11:07 am and is filed under markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.