The Chart du Jour

Fear Factor

July 24, 2001

By, Barclay T. Leib

Chart produced using Advanced GET End-of-Day

If there has been one thing lacking in recent bottoming attempts by the U.S. equity market, it has been any sense of fear. With the recent slide of the market in the past two days, that fear is starting to finally build, but we are likely still at the early end of a nasty 5th wave down.

Indeed, if one looks at the Fibonacci rhythm of the SOX Index, a case can be made that 1713 is an eventual target-- thereby yielding a full retracement of the 1998-2000 advance. If such a level is eventually reached, look for a good bit of fear and anxiety to rule at that point in time -- certainly far more than does now.

Society is of course often reflective of itself. How noteworthy it is that one of America's most popular new television shows is "Fear Factor" where, in a NBC prime-time Sunday night slot, six contestants are forced to endure horrific and often disgusting trials (eating sheep eyeballs, lying in a plexiglass-filled grave of live worms, being covered in snakes etc.). This is most certainly not bull market programming.

We do not mean to over-analyze America's current psyche, but the appearance and apparent popularity of such a show at this time certainly is anecdotally interesting -- as true fear also builds on Wall Street.

Non-subscribers are invited to sign up for a quarterly subscription below. Sand Spring's latest thoughts will all be accessible via an immediate e-mail. A user-id and password for web access to all past and future articles will then follow by a separate e-mail.

How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.

Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).

Disclosure Statement

Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.

If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"

Should you have any ordering problems, please contact us at
973-829-1962 or by email at the address below:

Take me back to the Sand Spring Home Page

Comments or Problems

Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at

Corporate Office:
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962

Best Experienced with
Microsoft Internet Explorer
Click here to start.

The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC

This page and all contents are Copyright 2000 by Sand Spring Advisors, LLC, Morristown, NJ