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


To: Alan Whirlwind who wrote (6140)7/22/1998 5:32:00 PM
From: Rillinois  Read Replies (1) | Respond to of 42834
 
Allan,

Re: Is this growing discrepancy significant?

I'm not aware of any studies relating to growing discrepancies between the 4-week MA and the current week's figure, sorry.

However, you might observe that the discrepancy is due to the sudden jump in bulls the last four weeks (44.9%...47.1%...52.0%...54.3%) and drop in bears (31.4%...30.6%...24.0%...23.3%). This has been an unusually quick shift in sentiment.

Has the flag on the mailbox tripped to alert us that perhaps a 10% correction has arrived?

I believe the figure Bob considers is whether the 4-week MA is above the 70% mark. But I would agree that sentiment is reaching the levels that usually bring on a correction of some sort.

Best Regards.

Rillinois