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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.00+0.2%Nov 11 4:00 PM EST

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To: John Madarasz who wrote (70395)2/25/2001 1:29:14 AM
From: Psycho-Social  Read Replies (2) of 99985
 
Is it a Bear Market yet?
Considering time elapsed, extent of decline in S&P and the Nasdaq, the past 11 months should be called a Bear Market. More important for our collective wallets is the future Market course. Bear Markets and economic contractions and recessions have historically created the best opportunities for intermediate and long-term Market gains. With the high amount of bearishness being registered in the published sentiment measures I follow (I don't use the Investors Intelligence survey any longer.), as well as my own proprietary sentiment indicators, I believe we're near a major low both in time and price level.
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