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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (42003)	6/13/2002 4:55:21 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

check out the chartcraft commentary... Chartcraft Commentary: "Bullish Advisors dropped sharply from 48.9% last week to 42.9% this week, while the Bears rose to 34.7% from 31.3% a week ago. Readings much better, but big corrections often end with more Bears than Bulls and we are still not oversold. We are still on Defense here. Advisors have been too Bullish for too Long. Prior to the three weeks in September last year when we had more Bears we had a record streak of 153 weeks with more Bulls than Bears. The current weeks reading is the 36th week in a Row with more Bulls than Bears, so for the last 189 weeks, 186 have seen more Bulls than Bears." remember...NYSE Bullish % only flipped to a sell signal about a week ago, coming off levels only seen about 26 times in the last 47 years or so