Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JRI who wrote (12602)	7/24/2001 3:48:08 PM
From: isopatch	Read Replies (1) of 52237

JRI. Yes. Have been posting for weeks that we made an important Intermediate Top. Prior to that, posted that I was selling into the strength of every ST rally phase as part of a multi-week program to increase cash. Went from 35% cash 6 wks ago to 82% now. That's the most bearish level I've held in years. There's evidence from many different sources that point to a resumption of the primary Bear Market downtrend. Don't have time to discuss them at length. But here are a few examples: 1. Heavy insider selling almost across the board. 2. Sentiment surveys indicative of a top, not the onset of a major new upleg, too many traders still trying to buy the dips. 3. LT 401k owners still complacent. They been conditioned by many years of nothing but sharp albeit short corrections in the broad market (even the 1990-91 Bear Mkt was relatively mild). Only a sm %age of active investors today have worked through and survived a major LT grinding Bear Market like 1981-81 or 1973-74. Gotta run. Will try to be back tonight. Cheers, Isopatch

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