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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (9373)	4/27/2000 8:46:00 PM
From: Kirk ©	Respond to of 42834

Dick RE: Some like to see sentiment confirm the bottoming price/volume action I believe Bulls/(Bulls+Bears)=63.68% is the lowest it has been since last year. Also, I believe the put/call ratio spiked way high, like 0.91 on 4/14/00, by my notes. VIX was way high that day also and the NASDAQ closed at 3321. Given all that and the action today showing the market seemed to want to go up even on "bad news" (productive workers are getting paid more - surprising some how that works out!) and I would agree. CNBC commented on the huge volume of "bear dollars" sitting on the sidelines waiting for a good reason to go back in. Tons of bears and correction folks out there. These funds include the "nervous nellie dollars" spooked out in big corrections (1/5/00 perhaps?) that have propelled the market into new highs in past rallies. Could be exciting! Kirk out