MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: da_cheif™ who wrote (18936)	1/9/2006 12:21:03 AM
From: J.T.	Read Replies (1) of 19219

Did you see the nearly 5 point percentage drop in Investors Intelligence Bulls down to 55.7%? hehehe schaeffersresearch.com Remember Ivan Boesky scandal coming out of da September / October 86' hole Investors Intelligence Bulls were at 56% and kept rising to 60% then 68% in mid December 86'? We then pulled back to 62% Bulls into year-end December 86' (kind of like this past week II Bull % pullback). By the time mid January 1987 hit, Bullish Advisors were up to 78% - Unheard of in today's II Sentiment Bullish % Readings. Contrary Sentiment opinion then got tossed into the dustbin as then we had a MARKET MELT-UP from January 87' to August 87'. Wot wuz dat Epcntr u tlkn' bot? schnrt

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