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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: OX who wrote (42658)12/20/2000 11:03:17 PM
From: Patrick Slevin  Read Replies (4) of 44573
 
Hmmm, I would think those SPX are numbers relevant to Bull Markets mostly. I tend to think this period is far more bearish than anything seen in years like the recent past -- 98, 99, 00.

But I may be incorrect. Not really looking at specifics at the moment. So I shall fall back on my thinking from around March...I think the Market is to be sold on rallies.

It's a perma-bear view, but it certainly has played out that way since January. I think the Point of View that the Market is heading up, up, up at any given time is a bad sign.

Look back. The last 18 days have had 8 gap up Opens on the SP. We are down over 75 points as a result.

This is a losing scenario.....The Long Side is the Wrong Side, Just my opinion.

Sentiment Indicators.....the Retired People of the Stock Market, the AAII, are Bullish. Investors Intelligence is Bullish. Investor's Intelligence is at the highest level of Bullishness in seven months. After this pro-Bush action zip has happened.

Why Bush getting in the White House would mean a Market recovery was beyond me in the first place. Gore getting in would have done nothing either.

Then you have people blaming Greenspan.

I think Alan Greenspan has been around long enough to flip the bird at day traders any time he likes and get away with it. Who the heck do we think we are anyway.

I think the market sux, and we can blame anyone we like but it may be just be heading South for awhile....like it or not.
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