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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: The Jedi who wrote (2306)	8/25/1998 8:56:00 AM
From: Tom Trader	Read Replies (1) of 44573

Hi Kiri Yesterday, I caught part of an interview with Bob Farrell--who is a technician that I have tremendous respect for. Unless, I am taking him out of context--given that I did not hear the entire interview -- he was of the opinion that we have entered a bear market. Even the sentiment readings that are extreme at the moment--EPC ratio and so on--his point was that in a bear market, these become extreme and can stay that way for quite a while. No different than in the case of a bull market where sentiment readings reflect a lot of bullishness and the market continues to move higher. Now he is not predicting a crash or anything like that. But it is one person's opinion!!

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