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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (11949)	5/1/2002 10:49:57 AM
From: Killswitch	Read Replies (1) \| Respond to of 19219

realmoneypro.com Here's something else interesting: "Check the Vane for Wind Direction 05/01/02 10:30 AM EDT One of the sentiment indicators that I look at daily is the "Vane," which is a telephonic survey of futures traders. Tuesday this report found only 22% of respondents bullish on stocks. That's way down from the 58% bulls seen at this January's peak and is not that far away from the 17% bulls that marked last September's panic lows. I recall another important low last year accompanied by 18% bulls from this survey, so a 20% or so bullish percentage has to be rated as bullish. Still, I don't think it's being corroborated by other indicators yet."