SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: SunSunM who wrote (70611)2/23/2001 8:58:36 AM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
margin debt has declined precipitously, as was to be expected. it stands now about here:

yardeni.com

a long way to go imo.

all: a review of technical indicators last night reveals the following: bearish sentiment is on the increase - AAII reported more bears than bulls for the first time in a while, and Consensus Inc. bullish consensus has fallen to 25%. likewise the Rydex ratio at 0,18 is in an area that has marked lows in recent months.

by many traditional methods (TRIN, CVI) the market is very oversold - however, not by all. breadth is oversold in terms of the McOsi, but not overall (percentage of stocks above 200 dma still very high, and other cumulative breadth oscillators have only BEGUN to turn down).

this is still the sort of t/a picture that indicates a low is close in TIME. not necessarily in PRICE - capitulation sell-offs are usually accompanied by a very similar t/a picture. INDICATOR FAILURE, a concept i have often mentioned, may be upon us.