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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (6377)	6/29/1999 9:02:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Marc: Put/Call closed at .45. The trend continues..... But as a sentiment note, bulls / bulls plus bears had a ten week moving average exceeding 75% before the 1974 and 1974 bear market hit. Also, in a book entitled Contrary Investing published around 1986, it was noted that: "Over the past fifteen years, whenever bullish sentiment (ten week moving average) climbed above 70% (bulls/bulls plus bears), investors who sold their stocks immediately have been able to buy them back at significantly cheaper prices in less than a year."