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To: donald sew who wrote (57794)	11/19/1998 9:42:00 AM
From: Arik T.G.	Respond to of 58727

Dow hovering around 9000 for two weeks now. Internuts frenzy marks a top of some kind. My gut feeling is we will not see new highs. Brazil completed the big rising wedge and is poised for another down leg. So is Japan. IMO the Nikkey is finally going to complete the bear market started 1/1990, and needs one last down leg. ATG

To: donald sew who wrote (57794)	11/19/1998 10:07:00 AM
From: Eric Maggard	Read Replies (3) \| Respond to of 58727

Bullishness Indicator: From trading-ideas web site One area of concern is the increased bullishness among investment advisors. Investor's Intelligence reported that 57.0% of advisors are now bullish, up from 53.1% last week. This is the highest level of optimism since Jan. 17, 1992. Bearish sentiment fell to 31.6%. When optimism rises to extreme levels, it indicates that majority of investors is already invested and there is very little money left on the sideline. This would indicate that we might be getting close to some correction. Back in October, bullish sentiment fell under 30%, indicating money on the sideline and a series of good news hit the market (rate cuts), buyers got back into stocks in a hurry, which led to the huge rally. Now, we are seeing just the opposite. While sentiment indicators are at high levels, they can remain at that level for some time. Nonetheless, there are warning signs, despite solid uptrend among major averages. Something to think about. Cya