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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%4:00 PM EST

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To: pater tenebrarum who wrote (18071)6/21/1999 5:35:00 PM
From: bobby beara  Read Replies (5) of 99985
 
>>>ratio of bullish to bearish advisors is at levels last seen in 1987<<<

Heinz, sentiment is just one indicator in the bag of tricks and picking tops based on bullish sentiment is much harder than picking bottoms based on bearish sentiment and how about this for bearish sentiment, on 6/14 one day from the bottom the "when will the bleeding stops" nutz thread was started, i think that put in a nice tech sentiment bottom, and so far the tape is saying exactly that.

Breakouts in wcom and csco today, CSCO has a very nice power coil there -g-.

When the bull is overbought it starts listening to negative news, but when it's coming off an oversold bottom it ignores it.

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