The psychological well-being of 114 Palestinian children aged 5–16 was assessed in terms of whether they lived within proximal, moderate, and remote distance from a bombarded target. Arabized versions of the Children's Depression Inventory, PTSD Reaction Index, and Cooper Smith Self-Esteem Inventory were administered to the subjects to assess their psychological well-being. Discriminate analysis was conducted on the data to determine what variable or linear combination of variables best separates the three groups of children. The results showed that only depression score was able to differentiate the three groups with statistical significance. The analysis predicted proximal distance group membership with extre accuracy, but failed to predict group membership for the moderate and remote distance groups. The findings were discussed in terms of their relevance to practicing professionals and researchers in traumatology.