Investor sentiment surveys - a technical indicator Message Board

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Strategies & Market Trends : Investor sentiment surveys - a technical indicator

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To: kx who wrote (162)	3/27/1999 9:33:00 AM
From: kx	Read Replies (1) of 167

990319 38% (BULL) 29% (BEAR), 33% (NEUTRAL). The bulls drop from 48% to 38% and the bears increase from 21% to 29%. Looks like these investors got really confused of which way the market is heading. The weekly chart of the DJ & SP500 show the lower high, lower close and lower low compared to last week. This is telling me that next week these market is most likely going lower or trading side-way. There is little chance that the market will go higher. It is amazing that the market is able to sustain such a height even though the market breadth (A/D issues and volumes) and the new high .vs. new low are extremely bearish. The McClellan Oscillator/Summation are signaling the coming market correction. The over all market index are driven up by a few big market cap stocks. Eventually, the market will come back to its equilibrium level. At the mean times, we have to make sure that we are in sync with the market. The market is always right. We should park our own opinion at the door when it comes to understand the market. Long term trend is up. Medium trend is up. Short term trend is side-way.

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