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To: AllansAlias who wrote (46756)	7/22/2002 12:51:46 PM
From: NOW	Respond to of 209892

well, 'capitulation just isn't what it used to be', son.

To: AllansAlias who wrote (46756)	7/22/2002 12:52:08 PM
From: yard_man	Respond to of 209892

sometimes sentiment fails (contrary sense)... I mean, if it is right at this point, we are fixing to get a 6 handle on the DOW.

To: AllansAlias who wrote (46756)	7/22/2002 12:55:36 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 209892

<<I would have thought things would be WAY worse on the sentiment front when we kissed SPX 800.>> Saving the sentimental $hit for when we kiss it with probing tongue....<G>

To: AllansAlias who wrote (46756)	7/22/2002 2:02:03 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Brother, you said it! Anecdotally we have some solid evidence of bearishness and in non-tech I see a nice high VIX but I continue to watch calls being opened up in tech and the QQV/VXN is nowhere near making a new high despite new lows in tech. It may sound crazy but I actually sense complacency in technolgy. Lots of folks talking about the relative strength of the NDX versus the SPX all of a sudden. Too many.

To: AllansAlias who wrote (46756)	7/22/2002 4:13:26 PM
From: High Country Trader	Respond to of 209892

>>>> I am a little amazed. <<<<< A little amazed things aren't worse on the sentiment front? This has been the no-fear, be happy, let's all keep trying to pick the bottom, bear market. Public still heavily long the S&P futures, Wall Street strategists still recommending near record levels of equity exposure, little insider buying, no fear this entire decline by the Rydex timers, complacency of newsletter timers per the Hulbert Index, record low levels of cash at mutual funds, etc. Trying to pick a bottom in this bear is proving as foolhardy as trying to pick the top in the late 90s bull run. Those who cleaned up in the late 90s were those that bought the dips (or simply stayed long)just as I suppose those cleaning up now are the ones selling the rallies (or simply staying short) Bonds have been a lot easier to trade and make money but never see anyone talking bullishly about bonds. Love those TIPS funds.