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Strategies & Market Trends : The Stock Market Bubble

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To: Les H who wrote (818)	7/26/1998 12:16:00 PM
From: Les H	Read Replies (2) of 3339

This week's amateur market technicians' sentiment survey on Decision Point web site: decisionpoint.com 53% of the respondents are bullish, 24% bearish. Another interesting item about this correction/bear mkt is that now that the daily SK-SD signalled a short-term downturn on Tuesday for the major averages. The weekly SK-SD never had signalled an upturn for this market in June --- technically, under this system, the rally was not the start of a new bull run but a rally within a bear run. The SK-SD uses a 10-period parameter. The 10-week SK-SD has been in a steady downtrend since April/May.

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