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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Greywolf who wrote (88205)2/27/2001 10:03:28 PM
From: isopatch  Read Replies (3) of 95453
 
Agree. And here's a very interesting

post today about investor sentiment that plays into what a few of us here have been saying for well over a month now about sentiment levels still being much too complacent let alone reflecting the kind of negativity, bearish pessimism or fear that signal a major bottom in the markets.

SI member Donald Sew is - IMHO - one of the shrewdest observers of the market on the web.

Iso

"I remember not too long ago where it was heresy to say that the NDX would drop below 4000, then 3000, and now it's testing a significant support area around 1850 with the 1400-1500 region as the following important support area.

What is a bit bothersome is that even though the NDX has dropped so much the overall sentiment doesn't appear to be that bearish - I'm mainly talking about J6P, not some of the SI readership. Not that J6P isnt nervous, but I'm still not hearing that they are selling, and most of them are still adding regularly to their 401K. Only a very few I know have protected themselves to some degree. I suspect the bullishness is coming from the performance in the DOW which is still in a trading range. Gosh, if that trading range on the DOW ever breaks convincingly, that's going to really hurt."
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