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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	8/4/2001 10:48:50 PM
From: highyarolla	Read Replies (1) of 100058

Latest Bullishness Sentiment Readings: Investors Intelligence: 46.4% American Association of Individual Investors: 36.4% Consensus Index: 34% Market Vane: 40% Despite the drop in Investors Intelligence, the bull-bear spread is still 18-19 percentage points. The average investment advisor is still a wee bit optimistic. Market Vane measures futures traders and Consensus measures brokers. Both have risen to neutral readings. The AAII poll has risen and is now no longer excessively pessimistic. Amazing what a little rally can do for optimism. Missed the rally grudgingly since the market rallied from less than truly oversold conditions. The II poll never narrowed to a 15% bullishness-bearishness spread and we didn't have a high volume long-range down day. That plus the VIX presently being 22-23 and this rally probably won't last too long. Short interest is still high on the exchanges so would like to see the rally expend more energy and get a bit more overbought before gunning for the puts.

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