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

To: bobby beara who wrote (29754)	2/11/2002 10:30:33 PM
From: dennis michael patterson	Respond to of 52237

thanks b! you delivered for me.

To: bobby beara who wrote (29754)	2/11/2002 11:07:11 PM
From: whydididothat	Read Replies (4) \| Respond to of 52237

I think bearish sentiment has continued to increase but has yet to show signs of a final top (from a multi-month perspective). The 20 day moving averages for VIX, Trin & PC ratio have been on the rise. The VIX has been putting in higher highs & higher lows. Rydex ratios admittedly seem bullish (large bearish positions) when one looks at the raw numbers but in graphical form they too have been making higher highs and higher lows. I see these indicators as simply "resetting" over the past couple of days. My point is that, yes, there is a greater public awareness that we are in a bear market. But does that, in and of itself, result in an upturn in the economy and the stock market? It will be interesting to see just how bearish the sentiment indicators become when we really hit bottom.

To: bobby beara who wrote (29754)	2/11/2002 11:36:28 PM
From: ajtj99	Read Replies (2) \| Respond to of 52237

Bobby, the $BPCOMPQ is still too high. The $BPNDX is leading it by about a month. The NDX topped in Dec., and the COMP in January. The $BPNDX is just going to hang around for the COMP to reach it's level, which should happen in the next few weeks, IMO. When that happens, we'll have a nice oversold bounce that should take the index back above 2000 for a little while, IMO. I don't think we'll meet that falling resistance line that's at about COMP 2250 in April, however. Going short at NDX 1500 like the rest of the world, Bobby?