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

To: Rock_nj who wrote (35452)	5/6/2002 11:57:51 AM
From: High Country Trader	Read Replies (1) \| Respond to of 52237

>>The bearish sentiment indicates that we're probably near a bottom.<< Short term sentiment indicators such as the Rydex timers and the Consensus poll of futures traders and advisors point to some type of rally. However, most long term sentiment indicators ( insider buying, Investors Intelligence bears, mutual fund redemptions, Merrill Lynch Wall Street Strategist poll, Commitment of Traders Report, mutual fund cash levels) aren't remotely close to levels associated with past bottoms. There has been virtually no fear and panic and hatred of stocks as with past bottoms. Instead, all we see are bottom pickers out in force with every decline. In the past the fear was that there would be no bottom. One long term plus though is the steady accumulation by the NYSE members over the past few months. This however has been a severely lagging indicator in the past.