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Is that a bearish indicator for 2006?
Our forecast model began to see Mr. Romney's subpar convention bounce as a bearish indicator for him early during his convention week.
He found that when the consensus recommendation for stocks exceeds 60 to 65percentt of a balanced portfolio — as was the case between 2000 and 2004 — it tends to be a bearish indicator for future stock performance.
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If you go by the idea that the team was first in the A.F.C., and therefore that its victory was a bearish indicator, that was another loss for the theory.
Buying climaxes occur when stocks hit a new 12-month high and end that week lower usually a bearish indicator.
My friend who owns a string of McDonald's restaurants tells me credit sales the past few months rose from 9% to 18% of receipts a very bearish indicator.
However, EMI has run up against a bearish report for the industry from PricewaterhouseCoopers.
This leads me not to a bearish conclusion for the market, but to a cautious one.
Components Halliburton and Baker Hughes appear to be right at a technical price ceiling, while drilling and exploration oil majors Transocean and Diamond Offshore Drilling feature mostly bearish indicators.
Last week's survey showed bulls outnumbering bears, 42% to 34%, a bearish sign for stocks.
Of course, there's always a bearish case for a stock, too.
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