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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (5963)	2/10/1999 12:00:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

StockOperator, Thanks for your comments. After the runup last NOV, most of the analyst were calling for 10000+ and some said 10000 by XMAS. When the DOW was around 9500 in JAN, some analysts were calling for 12000. Now that we are heading down analysts are some are coming out with strong downside projections. However, most analysts are still bullish, they are only calling for a correction - they are not turning bearish - there is a difference. When I speak to all of the brokers, every single one of them are still bullish but many are calling for a correction only. As for the average investors I speak to they are all bullish, and none have liquidated at all. The only bearish talk I really see is here on SI and thats just a small minority of all investors. The reason I mention this is that you are giving the impression that many are turning into bears, and if I am wrong then correct me. The PUT:CALL ratio and the MARKET INTELLIGENCE is still showing high bullish sentiment. I am definitely more bearish for the longer term, but on a technical basis I really do not see technical evidence for a huge pullback right now or a huge runup either.