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


To: Justa Werkenstiff who wrote (6474)7/1/1999 7:54:00 PM
From: marc ultra  Read Replies (2) | Respond to of 15132
 
P/C 10day moving average now at .49, extreme bullish sentiment
purple line for the uninitiated

decisionpoint.com

I posted the following 10 days ago, would seem like we're pretty much there if I believe my own thinking. The only thing we don't quite have is Investors Intelligence over 70% but the Fed decision and rally this week wouldn't be seen until at least next week and I recall Don once ridiculed me for saying things were OK just because the number was a little under 70% when P/C ratio and other measures were screaming overexuberance. Besides, the last sentiment reading was 68 1/2, close enough and even the 4 week moving average is 68.17

Message 10205909

We're up about 5% and 500 points so far this week. Tomorrow has the potential to be ugly. If I reinstate an ultra bear hedge tomorrow I wonder what the market may be like at the close since it's a fund.
Justa, you taking any major defensive action yet?

Marc