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[RT] And now for the bounce...?



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<DIV><FONT face=Arial size=2>Having hit 98^20, we could well get a bounce up to 
as much as 99^20 and the picture would still be bearish.&nbsp;&nbsp; A bearish 
retracement should be expected, but such is the depth of this big point move 
that the close should eventually be on the lows - confirming the DS and a 
healthy start to the double top on the Contract High.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>The S&amp;P doesn't seem to have reacted a lot to 
the bond and no doubt the pundits will say that that is because the money coming 
off the high tech is being put into the low tech, rather than a flight to 
quality to the bonds.&nbsp;&nbsp;&nbsp; Personally, I prefer the technical 
analysis and the bounce on the Contract High, etc.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A 
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read 
the tape"</FONT></DIV>
<DIV>&nbsp;</DIV>
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</x-html>From ???@??? Tue Apr 11 09:03:18 2000
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Date: Tue, 11 Apr 2000 11:40:47 EDT
Subject: [RT] Weekly Sentiment Survey
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Status:   

This survey is usually interesting (best regarded from a contrary 
perspective)....and I have nothing to do with their service.  JIM P.

**************************************************************************
LOWRISK.COM  INVESTOR SENTIMENT SURVEY  4 / 10 / 2000

Below are the results of our weekly "Guess the Dow" sentiment survey. 
The survey was taken from 4/3 through 4/9 on the Lowrisk.com web site.

Number of participants: 298         30 day outlook:

54% bullish,  36% previous week
21% bearish,  40% previous week
25% neutral,  23% previous week

After a wild week on Wall Street, bullish sentiment jumped from 36%
to 54%. Bearish sentiment plummeted from 40% to 21%. Meanwhile,
neutral sentiment edged up from 23% to 25%. The Dow was up 189
points last week, which would normally have us looking for an
increase in bullishness. But we also saw a half day mini-crash that
scared a lot of people. In light of that mini-crash, we are pretty
surprised to see that big jump in bullishness...there seems to be
little fear among investors. This makes us suspect that the bulls
cheer will be cut short soon.


best regards,
Jeff Walker