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To: Lucretius who wrote (126031)	9/27/2001 6:48:22 PM
From: sun-tzu	Read Replies (3) \| Respond to of 436258

My cousin, a prominent cardiologist, just funded his Datek account with 10K. I had him empty the account six months ago. Needless to say he did not ask my advice. Everyone in here is covering? This is a bottom? From Swenlin's D.P report: <The results of the AAII sentiment survey released today certainly reflects an about face in sentiment. Results as of the cutoff of 9/26/2001 were: Bulls: 51%; Bears: 22%. This is a bottom? These readings are more typical of a top. Investor's Intelligence numbers are more encouraging (Bulls: 33.7; Bears: 44.1%), but there still aren't enough bears for a major bottom. AND the cutoff for the survey is Friday, so we don't know how much advisor attitudes may have changed early this week. Maybe we'll see the kind of numbers we're looking for when we get the retest in a few weeks. Today the market continued to digest Monday's gains with selling early in the day, but a nice recovery toward the end of the day was encouraging, but the rally was attributed to quarter-end portfolio rebalancing and may not have legs. Short-term indicators (VIX and CVI) are getting relatively overbought. Above I refer to a retest in a few weeks, but the Nasdaq was retesting Friday's lows today, and the ST overbought condition implies further retesting in the broad market as well. A subscriber wondered about the Bond Ratio chart. It is constructed by dividing the total assets in Rydex JUNO Fund (bearish on bonds) by total assets in Rydex U.S. Gov't Bond Fund. Currently the Ratio is showing extreme bearish sentiment on bonds, which should be bullish for bonds. Frankly, the evidence on bonds has me confused. There are major fundamental crosscurrents that have not been resolved, and participation in Rydex JUNO and Bond funds has not been sufficient to maintain asset balances that are stable enough to render reliable results. I'm still NEUTRAL on bonds. --Carl Swenlin> (~)^(~)