Saturday, March 29, 2008

Trend picture

Investors should remain wary of the bearish sentiment that continues to weigh on stocks. The breadth of bearish sentiment can be viewed in the Stock Trends distribution graphs. The NYSE trend picture, shown here, is not particularly inviting. The surge in Weak Bearish stocks in early February - a positive move - lost conviction. The market is in a holding pattern. For trend investors the sideline is safe.

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