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Strategies & Market Trends : Watching the market collapse -- Ignore unavailable to you. Want to Upgrade?

To: Count de Monie who wrote (30)	8/2/1999 9:06:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 150

That SI survey is really an enigma. I have followed and tried to comprehend it for the last couple of years. It is not a consistent indicator in a straightforward, or in a contrary manner. A peak in bullishness doesn't always precede a market peak, and a trough does not always precede a market bottom. A couple of observations about the chart though, may make some sense: techstocks.com 1) If you draw trendlines through the tops and bottoms, you'll notice that the sentiment is actually in a falling (bearish) trend. 2) A break of the upper trendline to the up side this spring preceded a break of the Tech stock avg. to the upside. 3) Since the chart only goes to 1.0 (neutral), you can't see it- but there is currently a break in the lower trendline to the down side. Now, I wonder why the chart only goes down to 1.0? <g> 'History of the World, Part 5'