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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (8257)11/23/1997 7:05:00 AM
From: freelyhovering  Read Replies (1) | Respond to of 79531
 
Doug--Are you talking about the "MOTHER OF ALL CONTRARINESS" = THE BIG BEAR; And that we better watch out for the next correction? Whether you mean that or not, I'm reminded and bothered about the notion flagged by Dave H about the IBD Public /NYSE Specialist Short Sales figure that dropped recently to .56 after a long time over 1.00. It's closer to the bearish leverl of .35 than its been in a long time. There is a time lag according to Dave and perhaps will see an improvement in the next two weeks. I don't know how much importance to give it since advisors bearish and advisors bullish ratios are still ok. See, you got me worrying and I'm not even sure I understood your comment. L uncomfortablly OL. Myron



To: Doug R who wrote (8257)11/23/1997 10:55:00 AM
From: RADAR )))  Respond to of 79531
 
Doug R.

Theres a few Nervous Nellies around who will be looking to sell on any further strength in the DJIA. Couple that with some tax loss selling, and your next two weeks could see a little pullback before the Christmas effect and the January effect kick in and the markets set new highs through the end of January.

RADAR