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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (11794)	2/3/2003 6:32:06 PM
From: Joe Smith	Read Replies (1) \| Respond to of 13660

Another good quote from Hussman: "Last week was a powerful negative from the standpoint of trend uniformity. About mid-week, there was a chance that we might actually set the stage for the classic momentum shift that often marks good, tradeable "bear market rallies." Unfortunately, the market stabilized later in the week, and as it happens, moderate deterioration is nowhere near as favorable as a washout. Meanwhile, the percentage of bullish investment advisors remains at 50%. This level of bullishness is uncharacteristic of important market lows, and adds to the risk that the market could break further. As usual, that's not a forecast, but there seem to be few reasons to accept such risks at present."