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Strategies & Market Trends : Point and Figure Charting

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To: James F. Hopkins who wrote (25924)	2/21/2003 11:31:49 AM
From: Bwe	Read Replies (1) of 34823

I'm not sure about the record for number of bears. Chartcraft does not have the raw data available on their web-site. Their latest sentiment commentary sheds a bit of light on the numbers. If I'm able to dig up the readings I'll let you know: "Bulls edge up slightly from a week ago, but are well below recent highs. Bulls were up slightly from a week ago to 41.6%, but the Bears also rose to 33.7% in somewhat neutral action. We consider 45% bulls and 35% bears as “normal” readings for bull markets and right now the both are somewhat below those normal levels. In bear markets, however, the % of Bears usually gets very close to 60%. The highest reading we have seen in the last several years was 43%, reached at the October 2002 lows." Bruce

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