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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (54071)	7/30/1999 9:06:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 86076

Truff, we got a major deja vu of last year, remember how bearish the sentiment got on the selloff into June. Well this year the bearish sentiment was rich going into the March low, that was the first failed bearish pattern. Remember everybody was talking about breadth, titanic indicators etc, a whole bunch of newsletter writers exited the market then and now they have all gone back on buy signals since then and have been trapped, just like last year, except we have two failed bearish patterns, the one on March 3 and the one in early/mid June. Double trouble, people who are bearish have just thrown in the towel, because of so many failures, that's why i mentioned the superbear threads are ghostowns. bb