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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (6361)	1/11/2002 3:41:31 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 36161

vt - re:CoT, these are the data as per Jan 08, gold started the run on Jan 09. I do not believe in coincidences in any market.

To: gold$10k who wrote (6361)	1/11/2002 4:17:21 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

vt. Gold consensus #s show 62% bullish on gold up from 51% a week ago. Bullish sentiment on crude is 47% vs 36% last week. Overall, broad market sentiment reading shows we're approaching an Intermediate Term top. OT/Correcting a posting error yesterday: Was too hasty in est my cash position. Forgot to add in a MMF. Cash = 63% (not 52%). Isopatch (from Bernie Shaeffer's site) schaeffersresearch.com 1/9/2002 <The major sentiment polls are now near their most optimistic points in several years. The percentage of II (Investors Intelligence) bears is a mere sliver above the lowest reading of the last five years, 22.6 percent. The Consensus Index of Bullish Market Opinion is also at the high end of the 10-to-67 range it has held since April 1998. This is very complacent investor psychology. The only figure that has any room to grow without setting records is II bulls, which has broken slightly above 60 percent on several occasions. Though the timing of these weekly indicators is often imprecise, they do indicate a dangerous market vulnerability to contrarian analysts.>