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Strategies & Market Trends : Investor sentiment surveys - a technical indicator

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To: Mat Miller who wrote (60)	5/16/1997 11:30:00 PM
From: Andy H	of 167

Put-call premium for Thursday was 1.61, a new annual high. Bulls now exceed bears in the Investor's Intelligence survey. The sentiment has shifted remarkably quickly to the bullish side. It looks like the easy money has been made on the long side. It will be tough to make money on the long side for a while.

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