Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Killswitch who wrote (14675)	9/29/2002 5:46:50 PM
From: Killswitch	Read Replies (2) \| Respond to of 19219

More evidence that major market participants are still too bullish and all leaning the wrong way. ""For one, Shiller's One-Year Confidence Index remains high, even after losing some ground. Nearly 86 percent of individual and institutional investors see the market rising in the next 12 months. Investors Intelligence, which gauges the sentiment of investment newsletter writers, reported this week that 42.2 percent are bullish while 34.9 percent are bearish. It's a contrarian indicator - when bullishness is riding high it means the market's in trouble and when bears rule the market's poised to take off. While the bulls outnumber bears, bearishness should reach the high 50s as a sign that a bottom may have been reached, said Michael Burke, editor of Investors Intelligence. This year thus far, bears have outnumbered bulls only four weeks. In 1994, a year when stocks went nowhere but turned out to precede five years of a bull market, bears outnumbered bulls in all but four weeks of the year. In the current bear market, bearishness has never risen above 50 percent, even right after Sept. 11, Burke said." cbs.marketwatch.com