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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 (34551)4/22/2002 11:02:57 AM
From: TechTrader42  Read Replies (2) | Respond to of 52237
 
"The bad news is out, the sentiment is virtually unmatched in bearishness."

Curiously enough, my sentiment indicators show the opposite:

ST Naz CI: 94.444
MT Naz CI: 67.410
LT Naz CI: 84.989

But since the new bull market is a faith, a belief system, a religion, since it exists entirely in the ethereal realms of the imagination and financial infomercial programming, it's shielded from the declining market indexes (which don't apply), actual sentiment data, economic factors, news, etc. It's a bull market for the New Age, an astral bull market.

And yet, despite all the bullish sentiment, the dipsters continue to get dipped. Yesterday's "bottom" becomes today's top. And each occasional bounce during the prolonged distribution is celebrated as proof of the new bull market.



To: Terry Whitman who wrote (34551)4/22/2002 11:06:59 AM
From: Paul Shread  Respond to of 52237
 
That's about a 12% bounce in LU off the lows so far.