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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (4969)5/14/1998 8:43:00 AM
From: Allan Harris  Read Replies (1) of 42834
 
RE: I am working on lightening up elsewhere....

I too have lightened up slightly over the past month or so, but am taking great comfort in the rampant bearishness on CNBC and various market timing threads on SI. On the other hand, Point and Figure analysis as well as Mirat, both long term and historically reliable technical indicators, have turned cautious after being bullish for most of this year. Finally, note that the B-man, in his May newsletter, cites Dow and S&P levels not all that far away as, "attractive for outright purchase."

Allan
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