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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 483.03

+0.5%

Dec 5 9:30 AM EST

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To: kendall harmon who wrote (16794)	5/4/2002 4:09:46 PM
From: Susan G	Read Replies (1) of 26752

A sure sign a short term bottom may be near...(USUALLY!) was spotted today at my local newstand while perusing the headlines and financial pages... The cover of Barrons, with the depressed looking bull and the headline "Kicking the Bearish Blues". In the past 3 or 4 years that I have paid attention to the magazine cover sentiment indicator, publications showing a roaring bull or talking about how the market has nowhere to go but up or how YOU can make a million in the market this year have signaled a near term top, without fail. There are others on SI who track this indicator also <g> And bear covers have always led to a good bounce, or short term bottom. So we will see <ggg> On the other hand, the trashy New York Post has a depressing article on the jobs number with an inset on a potential double dip recession, illustrated with a pic of a girl eating an ice cream cone. LOL...

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