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Strategies & Market Trends : Point and Figure Charting
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To: James F. Hopkins who wrote (25924)2/27/2003 10:16:42 AM
From: Bwe  Read Replies (1) of 34823
 
Bearish advisory sentiment picking up steam.

Bulls: 40.4%
Bears: 36% (peak of bearish sentiment over last few years is 43% occurring last October near the lows)
Correction: 23.6%

Chartcraft's NYSEBP: 39.65% (down from January high of 54%)

Bruce

PS: James, I agree with your take on oil and it's impact on the market. Fundamentally speaking, I'm baffled why the major oils like XOM aren't doing better. XOM's chart is setting up for a nice trendline break and buy signal at $37, however.

stockcharts.com
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