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Re: BleeckerStreet post# 8010

Tuesday, 03/05/2019 1:10:50 PM

Tuesday, March 05, 2019 1:10:50 PM

Post# of 8303
TY BleeckerStreet :)

Here's the key takeaway from the linked article

"Note the parallels with the U.S. market’s recent rally. The rally since Christmas Eve has indeed been sharp and powerful. Investors’ hopes have been rekindled in a big way. The Hulbert Nasdaq Newsletter Sentiment Index (HNNSI), which measures the average recommended exposure level among Nasdaq-oriented market timers, recently rose to one of its highest levels ever — higher than 96% of daily readings since 2000, in fact.

This does not bode well for the market’s near-term prospects, according to contrarian analysis. To repeat: none of this discussion automatically means we’re in a bear market. We won’t know for sure, one way or the other, until the market averages either surpass their bull market highs from last fall or break down below their Christmas Eve lows. But it definitely isn’t a good sign that so many bulls are prematurely declaring victory."

Get ready to buy in lower...

https://www.marketwatch.com/story/heres-why-recent-stock-gains-could-be-just-a-bear-market-rally-2019-03-05

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