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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (25924)	2/21/2003 9:25:33 AM
From: Dominick	Read Replies (1) \| Respond to of 34823

Looks like we are headed for 3rd world status Headed for 3rd world status???? We already fit that definition: Massive debt. Importing manufactured goods. Exporting agricultural goods. A service economy. With the amount of apathy in this country, we're going to need more than a miracle. Dominick

To: James F. Hopkins who wrote (25924)	2/21/2003 11:31:49 AM
From: Bwe	Read Replies (1) \| Respond to of 34823

I'm not sure about the record for number of bears. Chartcraft does not have the raw data available on their web-site. Their latest sentiment commentary sheds a bit of light on the numbers. If I'm able to dig up the readings I'll let you know: "Bulls edge up slightly from a week ago, but are well below recent highs. Bulls were up slightly from a week ago to 41.6%, but the Bears also rose to 33.7% in somewhat neutral action. We consider 45% bulls and 35% bears as “normal” readings for bull markets and right now the both are somewhat below those normal levels. In bear markets, however, the % of Bears usually gets very close to 60%. The highest reading we have seen in the last several years was 43%, reached at the October 2002 lows." Bruce

To: James F. Hopkins who wrote (25924)	2/27/2003 10:16:42 AM
From: Bwe	Read Replies (1) \| Respond to of 34823

Bearish advisory sentiment picking up steam. Bulls: 40.4% Bears: 36% (peak of bearish sentiment over last few years is 43% occurring last October near the lows) Correction: 23.6% Chartcraft's NYSEBP: 39.65% (down from January high of 54%) Bruce PS: James, I agree with your take on oil and it's impact on the market. Fundamentally speaking, I'm baffled why the major oils like XOM aren't doing better. XOM's chart is setting up for a nice trendline break and buy signal at $37, however. stockcharts.com