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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Daveyk who wrote (37349)	12/5/2000 4:11:38 PM
From: Doo	Read Replies (2) \| Respond to of 42787

IIA sentiment is around 55% Bulls, 29% Bears. I can remember maybe 5 times in the past 5 years that I've been tracking the numbers as a contrary indicator for IT direction of the indices that it has been at those levels. It's extreme. Each time we got to those levels a substantial downturn ensued. Yet, here we are at the bottom(?)of a vicious downtrend and the sentiment is full-fledge bullish. Historically, we should be around 35% Bulls and 45% Bears for a meaningful bottom to occur. Makes me suspicious of the price and volume signal that otherwise looks so compelling for an IT turn to the upside.