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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (20511)	5/27/1999 6:52:00 PM
From: James Strauss	Read Replies (2) of 34811

OJ: For years now we have experienced sharp bouncebacks after 5 to 20% corrections... I hope that happens this time... But, Bullish sentiment is still too high (over 50%)... It tells me there is still too much complacency out there... Since the Cavalry has always come to the rescue before, it's expected that they'll arrive in time again... If and when they don't arrive in time to save the day we could see some accelerated activity to the downside as the herd tries to squeeze out the narrow exits... Jim

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