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Strategies & Market Trends : P&S and STO Death Blow's
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To: Justa Werkenstiff who wrote (8578)9/29/2002 7:56:35 AM
From: Berk  Read Replies (1) of 30712
 
Justa, although sentiment is key to market turns, I've always found that net, net it's the market action that counts the most. It sounds stupid to say that but the history of sentiment is checkered with exceptions. Right now I would say that the retrace is still in play, i.e. the market action is still down. I would think we have to begin taking out prior tops in order to be concerned.
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