Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Henry J Costanzo who wrote (156242)	11/23/2007 11:18:31 AM
From: y2kate	Read Replies (2) \| Respond to of 209892

Yes, we need their energy and their renminbi...(: BIDU not participating at the moment- it's red and trading below it's 50 DMA unlike GOOG, RIMM, AAPL... Question---is this an ascending triangle? stockcharts.com

To: Henry J Costanzo who wrote (156242)	11/23/2007 11:19:26 AM
From: gregor_us	Read Replies (1) \| Respond to of 209892

Investors Intelligence Survey on Wednesday Improved the Outlook for the bulls, even if the overall bullish reading* is still a tad elevated, because the spread between bulls and bears has contracted to a reading that has generally accompanied reduced risk for the long side. Though, it has further work to do. ___________________________________________________________ The difference between the bulls and bears narrowed further to 21.3%, from 24.4% a week ago. This continues to contract from the very negative spread 42.4% that was shown five weeks ago. . A spread in the 35-40% range is historically a cause for major concern and that has occurred. The current reading has contracted to neutral levels and heading for a new buy signal. A bull-bear difference that narrows to around 15% (or less) and then expands is giving a buy. That was the late August signal, [the spread was a very bullish 3.2%, and before that on 14-March-2007 [16%], and in June 2006 [0% difference] and again. Those are the last three lows on the line chart. --II Survey 21 NOV 2007 ___________________________________________________________ Meanwhile, is the decline in INDU and SPX from the October high shaping up as five-waver at this point? Best, Gregor ___________________________________________________________ * The bulls extended their decline, falling to 47.9% from 51.1% the previous week. Some more advisors commented that the sub-prime inspired correction was spreading into other sectors and now threatened to eliminate the remainder of this year’s market gains. The bulls continue to retreat from their early October peak reading of 62.0%, a historically high degree of optimism that often occurs at market tops. The bears were little changed at 26.6%, compared to 22.7% last week. Those readings represent the first significant move away from the October low for the bears at 19.6%. That was also a danger signal that occurred the week of the record bullish reading.