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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (13098)3/17/2001 2:06:33 PM
From: marc ultra  Read Replies (1) of 42834
 
Pete, re<<<<I'm starting to hear people saying we are starting to experiencing "capitulation", yet advisor sentiment continues to remain just above 60% bullish. This makes me think MOABO will be later rather than sooner. Given the damage so far, the disappointing magnitude of the few bounces we have had, and today's announced 7% cutback in OPEC crude production; I'm starting to think MOABO could be at an even lower area than NAZ 1400-1500>>>

I don't know, this advisor sentiment is beginning to look like the Wall Street Week permabulls. Usually the technicians in the survey have mostly responded like trailing indicators so I don't know what's going on. I can understand why Bob has downplayed it recently. I think NASDAQ 1500 area is a reasonable low given moderating inflation and the Fed in easing mode. Tech earnings should start stabilizing within a year or so shouldn't they? When everyone on CNBC shuts up about capitulation and bear market rallies maybe that will be time to mortgage the house and invest<g>

Marc
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