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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (28922)1/31/2002 8:38:54 AM
From: Terry Whitman  Read Replies (1) of 52237
 
>Investors Intelligence barely budged; still at danger levels (51.6% bulls, 23.7% bears).
Not much upside with that hovering around a 5-10 year low.<

You're counting out a break out, I assume. Newton's law says an object in motion tends to stay in motion until acted upon by an outside force. Outside forces acting upon the I.I. survey seem to be having little effect. If all the bad earnings, war talk, unemployment, and a big market correction can't knock it down.... what will?

I'm tossing the towel on the MDDI- It's been wrong 7 days in a row now. Quickly heading to the market indicator Mendoza line.

Back to the drawing board- gonna try to incorporate TRIN in there somehow- maybe that will improve it.
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