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

To: Lizzie Tudor who wrote (15397)	12/7/2002 2:19:01 PM
From: bobby beara	Read Replies (1) \| Respond to of 19219

Just common sense says bearish sentiment cannot be at a 4-year low<<< that's why it should be paid attention too -g- the spread between the bears and the bulls is approaching the red line that has coincided with major tops during the bear market (bottom chart) vtoreport.com Investors Intellegience has been around since the 70's, and the main thing to remember is contrary sentiment only works at the turns, crowds make trends. for instance we had some extreme bullish sentiment in late november 98 early jan 99, the market shrugged it off with some corrections and continued upward. If this is the start of a bull market, the same thing should happen. aegeancapital.com here's larry katz longer term chart of %bears, you can see off the 94 bottom the percentage of bears remained high during the bull move, until they capitulated going into the 98 top. usually bull markets start with the crowd stubbornly bearish (not just SI posters -g-), just like this bear market started with people stubbornly bullish (go back and look at some of the peak readings in rydex back in jan 01, that matched peak reading in sept 00 and march 00)