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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Terry Whitman who wrote (44098)4/15/2003 11:01:43 AM
From: Neville H. J. Gorman  Read Replies (1) of 52237
 
I vote for the second option. The money managers are complacent. I think the MF levels are very bearish. They were at similar levels in the early seventies and shot up to extremely pessimistic levels of more than 11% for the 1974 bottom. Maybe we are in for a repeat. The May-October period would be ideal for such an outcome. Not arguing that this rally can last into May or June, though.

Neville
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