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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (6532)7/7/1999 12:14:00 PM
From: marc ultra  Read Replies (1) of 15132
 
sentiment numbers(raw numbers as per CNBC)

bulls 52.6
bears 27.2

bulls/(bulls+bears)=65.91 substantial drop from 68.47 last week

assuming numbers correct and no reason to doubt them obviously a surprise with bullish sentiment suddenly dropping to lowest level since May 12th in face of monster rally last week. I won't go way out of my way to dismiss this number after I've considered it important enough to post weekly but I would certainly like to see next week's number and keep an eye on the extreme bullish P/C ratio before taking this number as a bullish development. I am not quite ready to say "if the sentiment numbers don't fit, the bull market you must acquit"

Marc
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