Trend View Index from Silicon Investor Message Board

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Strategies & Market Trends : Trend View Index from Silicon Investor

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To: SI Bob who wrote (19)	5/30/2006 11:25:14 AM
From: OldAIMGuy	of 33

Hi Bob, Last week's rally toward the end of the week managed to change the short term sentiment's direction to something a bit more positive. However I note that the "unweighted" value still was falling slightly. This corresponds well with the fact that today, for the first time since I've been following SI's Sentiment page, we have less than 50 stocks with a "10" value for bullishness (9.98 x 8 votes for QCOM). The unweighted value is just the sum of the 50 scores from each the Ascending and Descending columns. This is just the raw data and is less sensitive to the number of votes being cast. The weighted value sums the vote score times the number of votes for that stock. So this weighted value takes into account the frequency of voting, not just the score. From this I am assuming that the "bulls" started voting again quickly as the market seemed to feel better those last three days of the week. The "bears" were quieter and therefore their score remained relatively low. In summary I feel that the unweighted score is showing us a longer term aspect while the weighted is giving us a reading on what the shorter term trader is thinking. Best regards, Tom

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