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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 (9914)11/17/1999 2:25:00 PM
From: marc ultra  Read Replies (1) | Respond to of 15132
 
sentiment

bulls 50.4
bears 30.1

bulls/(bulls+bears)=62.61 up substantially from 55.29 last week. P/C 10 day moving average down to 0.51

Could we be on target for a similar pattern as Bob's often discussed top formation in 1976 in which we made a final top on 12/31/76 followed immediately by a bear market? It will be interesting to see if we reach further new highs in all three averages with continued rising bullish sentiment in the next few weeks. If we do get into trouble the bears will be out of the woodwork saying Hey, didn't you ever hear of three steps and a stumble stupid(for those unaware refers to 3rd rate hike and then trouble).

Marc