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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: Lizzie Tudor who wrote (182402)10/18/2005 10:07:45 PM
From: t2  Read Replies (2) of 186894
 
On the bright side, sentiment is now extremely negative towards by all measures that I look at.
It now looks like the turning points we saw in the past....as extreme as September 2001.

AAII, Outflows from US funds and into international for several weeks now(amgdata.com), Lowest stock allocation to US stocks in 6 years (report by Merrill), Rydex nova/ursa at 3 year lows, ...and all sorts of technical indicators. Sentiment towards large cap and tech is probably even more extreme.

I have not seen this level of pessimism in years.... and the markets always turn upward after that. Is it different this time? Feels like it today.<g>
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