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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: bobby beara who wrote (13674)5/12/1999 4:24:00 PM
From: pater tenebrarum  Read Replies (3) of 99985
 
Bobby, high bullish sentiment readings at the beginning of a rally from an important bottom have indeed no value as a contrary indicator. but we are now way off that bottom and bullish sentiment has been increasing lately from already high levels. it's just not healthy anymore; if the dow manages to climb to 16,600 within "weeks or months", i offer once again to eat my hat.

regards,

the zoo keeper
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