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 : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (4424)	4/2/1998 1:30:00 AM
From: marc ultra	Respond to of 42834

It seems not too long ago Bob was calling Nasdaq 1200 a benchmark low after a correction. We're now well up over 50% from that. Small and midcaps maybe finally starting to make a run at outperforming the S&P 500.Looks good but may indicate we're creeping closer to a top. I'm happy to ride this pony but if sentiment creeps over 70% I'll strongly consider some hedging. Marc

To: Alan Whirlwind who wrote (4424)	4/2/1998 10:39:00 AM
From: Boca_PETE	Read Replies (1) \| Respond to of 42834

AlanW: re:<Investment Advisors Bullish/Bearish Announced> Today's Investor's Business Daily reports that 53.3% of advisors are Bullish and 22.6% of advisors are Bearish. Thus, as a percentage of Bulls + Bears, 70.2% of advisors are Bullish. Although the 4-week moving average has not yet exceeded 70%, it appears a YELLOW CAUTION LIGHT has been lit in Cocoa Beach, Florida :-). It will be interesting to see whether or not the market goes higher during the next few months from cash tax inflows to the government from IRA to Roth IRA conversions. With all that extra tax revenue coming in, the governments need for issuing treasury securities is likely do decrease which could drive interest rates lower. And if the market does go higher, how high will the %Bullish Advisor ratio go before we get a correction or the major market turning point (market top) Brinker referred to on last Saturday's program. Time to get serious about drawing up contingency action plans should your ugly little April Fools joke become a reality in the foreseeable future :-) P