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


To: Terry Whitman who wrote (28297)1/24/2002 3:12:52 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Not a good-looking day so far. May bail on longs if the close doesn't firm up, or at least hedge with a short. On the other hand, news is thin for the next week, so the path of least resistance may be up. Assuming home sales don't surprise to the downside.

Not sure I'd call the public bearish. At least one moving average reading of AAII has bulls at an all time high. PC ratio's hovering around .45 today, VIX is in the low 20s, II bears are bouncing off a 5-year low. Most readings are toppy, I believe.