Word: schizoids
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
...amateur can see that since the start of the year, virtually every Dow rally has stalled just short of the previous high and sell-offs have abated just short of the previous low. Draw the lines, and you get a sideways triangle, or pennant shape, that reveals schizoid investor psychology. On one hand, investors do not believe the market can sustain a rally--so as stocks near their previous highs, sellers charge in early to beat the crowd. But investors don't see a big downdraft coming either--so as stocks approach their previous bottoms, they swoop in to bargain...