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Whenever there is a good setback for stocks
I keep an eye out for one of the remaining
perma-bears (Eliades, Precter, Stack, etc) to
be featured on CNBC or in the media,... as
their appearance tends to coincide with key lows.
Notice on today's Barron's (page 3) in Ableson's
column...the work of Jim Stack "the estimable
proprietor of InvesTech Research" is mentioned.
Stack has been bearish for a very long time,...
reference to his work here is suggestive to me
that a near term low is likely.
Any comments appreciated.
Regards, JIM Pilliod jpilleafe@xxxxxxx
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