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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/12/2001 4:22:51 PM
From: Shack	Read Replies (5) of 209892

Well that was a hoot. I must say, the sentiment is beyond frothy now. Last night I mentioned I would try to gauge how quick the euphoria returned. To compare the April 4 bottom again: On April 5 (the rally next day) we finished the day with a .70 p/c ratio, lots of doubt. The next few days saw .80, and .95 respectively. Got even higher. Today July 12th We finish with a .45. Its just one measure but we can't rally without doubt. And the SI bulls are drunk right now. Any other observations?

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