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

To: John Vosilla who wrote (169754)	7/16/2008 11:06:54 AM
From: gregor_us	Read Replies (1) \| Respond to of 209892

Here are the key snippets from the II Survey, delivered overnight: The bulls edged higher to 27.8% from 27.4% on the last report, their lowest reading since July 1994 when the bulls were 23.3%. The bears advanced to 48.9%, up 1.6% from a week ago. They are now at the highest level since January 1995 when we counted 50.9%. The difference between the bulls and bears is -21.1%, compared to -19.9% a week ago. Those are even stronger levels then March 14 when the spread was a ‘negative’ difference of -13.8%. The opposite signal occurred in October 2007 when the spread was very bearish at +42.4%. We now need to see the chart turn up. Gregor