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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (220301)2/11/2003 11:00:25 AM
From: MythMan  Read Replies (1) of 436258
 
RealCommentary from TheStreet.com
Sentiment Readings Snare Too Many Bears
Tuesday February 11, 9:19 am ET

By Helene Meisler, Special to RealMoney.com

Those of you who have watched this market closely for the past week or so must believe that the averages have come down quite a bit. But step back and look at the last seven or eight trading days. The major indices are below where they were when I left for vacation, but they've reached these levels through more of the same dribbling down that's been happening for weeks.

The action has had almost no effect on my intermediate-term indicators, most of which are just about where they were when I left a little more than a week ago. The intermediate indicators still appear to be three-quarters of the way to making a bottom.
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