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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (13891)	11/10/1997 1:35:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

Hi OJ>>My sense is that nothing moves till AG does his thing... We may get a relief rally but unlikely to be much more than that. I think that for a bottom to be in place sentiment must change radically to a point where commentators are invariably preaching caution and some are predicting a bear market--that has not happened to date. I thought the the break below 7600 would do it--but if anything it just brought the dipsters out in force. The last investors intelligence survey that I saw showed 44% bulls--at good bottoms we are in the low 30s. Now if we have have the sentiment numbers in place combined with a favorable monetary climate and an economy that is on track, I think that we will see a sustainable rally. Look at this link provided courtesy of Fred Weiss--it shows John Murphy's current stance on the market. Murphy is a technician who I respect and while he has not always been right, I am inclined to agree with his scenario. exchange2000.com Re KLIC--even with favorable results, do you think it will be able to move up given the current down-trend? More to the point, should one short any rally in KLIC??