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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (74376)	5/22/2003 3:13:27 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

Investors Intelligence reported today that their Bearish Consensus fell to an extremely low 20.9%, the second lowest reading over the past decade. That makes the third consecutive week we've seen the II Bearish Consensus come in below 25%, meaning less than 1 in 4 newsletter writers considers themselves bearish on stocks. That's typically not a good sign for the market. We've only seen six instances in the history of the Investors Intelligence survey in which the Bearish Consensus came in under 25% three consecutive weeks. In every case the stock market was trading lower either 4 or 6 weeks later. www.astrikos.com