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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (1554)11/6/1997 9:06:00 AM
From: Cynic 2005  Read Replies (3) of 5676
 
2. Bears on SI survey reached new low the day after SPX peaked, and high after the big drop, remained high. Bears were not that intimidated by the sharp correction.

Arik, it doesn't sound logical to me. People as a group, bears or bulls, are wrong. Today's retail sales are strong, low-inflation and good growth - that's waht the bulls might see today. If we close above 7750 today, we are in another for reckless buying binge with a top at 8200 and then a vertical fall.
-Mohan
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