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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Challo Jeregy who wrote (29386)10/13/1999 2:32:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Stan Harley is also in here...

moneycentral.com



To: Challo Jeregy who wrote (29386)10/13/1999 2:37:00 PM
From: bobby beara  Respond to of 99985
 
CJ, thats interesting about Harley, he was talking in late march that April might top out the bull market and when i didn't drop out in june he turned bullish and hasn't wavered. It's beyond me why anybody can look at the last 9 months in the nasdaq and spx and not see a distribution top.

I was just reminded by Larry Katz that even though the sentiment has been bearish on bonds for a long time, they keep on sliding. In a bear market, bearish sentiment is not a contrary indicator until it gets really thick, thats something for bulls to consider as they try to hang their hat on sentiment. I believe we will see the II survey turn bearish before we hit any sort of bottom.
bwdik