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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (63261)	1/13/2003 12:32:20 PM
From: John Madarasz	of 209892

For the fwiw folder... The AAII Bearish Consensus came in at 43% this past week,...and 38% the week before that. Readings above 40% have normally led to a higher S&P500 over the next four weeks. Prior to 2002, this signal was highly accurate, with 33 winners out of 40 trades going back to 1987. ***During 2002, however, there were five such signals, four of which produced losing trades.

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