Monday, September 12, 2005


Surveys show I.I. Bears at a new high of 28, while the AAII Bears receded a bit with the "inversion" of last week normalizing again. However, on the negative side, the NYSE new highs to new lows were more than 10 to 1 last week (Climactic?), the Bullish Percent is high - hanging on a 3-box sell signal. I would proceed cautiously in this seasonal minefield, looking to the right Industries.

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