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To: skinowski who wrote (126682)12/4/2005 10:00:08 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
That's what makes a market I guess. I still think the next BIG move is up...big up. I'm seeing very little evidence of a sentiment shift to the bull side either, at least not in any of the quantifiable measures which I watch. Rydex Nova/Ursa still over 4-1 short, COT's blah blah blah..you've heard me bark up this tree ad nauseum.-vbg

Wave-wise I have no handle on the indices, haven't for two years. But as I've yapped about many time, the underlying stock charts of many majors still look superbly bullish to me. I guess you're still buying into the ED's, you'll have to let me know how far the indices can go before you are no longer looking at these.

And I guess you don't want to hear about my COMP target (-g)....now sporting a "3" as the lead digit.



To: skinowski who wrote (126682)12/4/2005 10:50:38 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 209892
 
The bullish sentiment is becoming pretty strong.

Wandered a bunch of boards and sites this weekend. Many threads, bears only. Couldn't find any bulls-only threads (that could be my inadequacy, of course.) Threads where some folks were expressing bullish sentiments generated heated rebuttals from bears claiming to be contrarians. How can so many people be in the same contrarian camp?

The 8 minutes of Market TV I caught this weekend was some gold technical analysis guy claiming that he wouldn't say gold was going to $1000, but that it would certainly take out $800 "easily" because equities were going to get hammered.

I just don't see a whole lot of bullish sentiment out there.

(Yeah, this is obviously anecdotal and could mean diddly.)