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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Crimson Ghost who wrote (68904)	2/10/2001 8:58:20 PM
From: Psycho-Social	Read Replies (1) of 99985

Sentiment Readings: Market Vane . . . You've mentioned high sentiment readings and I use 2 of them myself (AAII & Consensus). Other sentiment indicators, however, muddy the waters a bit: Market Vane 28% bullish, and the DSI's bullish #s - S&P and Nsdq - are in the teens (the DSI's move to greater extremes than Market Vane and Consensus). I'm in the process of doing my weekend analysis of data, and haven't reached firm conclusions myself. From my research, I've noticed that the Consensus Inc readings are held back by about a week for non-subscribers and that the AAII #s can move dramatically from week to week. The AAII survey period is from Thurs thru Wed so the late week action is not yet reflected in it. All this is just to say that there are inconsistencies in the sentiment data, and to agree that there is not the kind of conclusive bearishness evident in the entire group of sentiment indicators that I would like to see at a major low.

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