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Strategies & Market Trends : Classic TA Workplace

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To: Win-Lose-Draw who wrote (125554)	10/29/2005 1:42:15 PM
From: Shack	Read Replies (1) of 209892

Yeah, that kind of touchy-feely stuff is hard to quantify but I suspect a sentiment like that is significant somehow. I can't remember who it was but yesterday someone in the press said something like, "hey!....good news is being bought!" in reference to the GDP. They seemed surprised unless it was a facetious comment. So the market held up though a lot of crap (through Aug-Oct the SPX dropped all of 5% off the multi-year highs), created a lot of bearish sentiment measures, and is now being bought on good news. That intuitively seems bullish. Many charts are coming into line now as well.

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