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Pastimes : Why teach if you can trade? -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (177)	1/6/2001 10:05:02 PM
From: uclatrader	Respond to of 313

hi chris here is something interesting to read copied from trading markets.com The short and sweet of it is, if we're building a bottom then the wall of worry has now been erected. Rallies need a wall of worry to climb. One brick that finally fell into place in that wall of worry this week is sentiment. Investor's Intelligence reports 35.6% bears. This is the highest number of bears in two straight polls since October 1998 and October 1999. Both of those dates were significant bottoms. Moreover, Bullish Consensus shows 21% bulls. In the past six years, this stat has come in below 22% for two consecutive weeks only two other times, and both, early September 1998 and May 2000, were near-term market bottoms. The September 1998 low led to a quick one-month rally before a test, and the May 2000 low led to a three-month rally. basically i m leaning to the bull camp friday's drop was just bullsh*t cuz wednesday's rate cut caught fund managers' surprise they now put pressure on stock price so they could cover just my 2 cents shuo