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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Dwight E. Karlsen who wrote (27375)	9/26/1999 5:51:00 PM
From: Benkea	Read Replies (1) of 99985

Dwight: 28% is heading the right direction. However, I am curious how "only 36% ... described their outlook as bullish..." translates to 28% bearish? Let's just say that 64% were NOT bullish. "Notice, it is interesting that the poll of WS strategists was conducted before the twin 200 pt daily DJIA drops this past week. So the WS Strategists, bearish as they were, were correct." That 400 points was a huge drop, wasn't it? What % is that <g>. I am fairly certain 400 points or about 4% was not exactly the extent of their "non bullish" expectations.

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