SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Zeev's Turnips - No Politics
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LTK007 who wrote (7496)11/22/2001 9:11:22 PM
From: Psycho-Social  Read Replies (1) of 99280
 
Trader Sentiment:
I subscribe to a similar service (Jake Bernstein's Daily Sentiment Indices) that is a daily barometer of the sentiment of futures traders. I use the S&P and Nasdaq Daily Sentiment Indices of bullishness on a contrarian basis. While I concur that there's been extreme bullishness on the part of traders since the beginning of November, surpassing that of late April thru early June, the indicator does not reliably differentiate between short-term and intermediate term overbought conditions. It only tells us that both the Nasdaq and the S&P have been extremely overbought, not how far down they'll correct. The only way to get an idea re that, is to watch how quickly the sentiment #s come down as the Market declines. So far they've only dropped from the upper 80's to the lower 60's (3 & 5 dy mov aves). Other indicators, such as weekly mutual fund cash flows and the average of 3 sentiment indicators found in Barron's (Consenus Inc, AAII, and Market Vane) do a much better job of identifying major trend change points. 1yr Nasdaq Business Sentiment 2.5 to 5wk lead) remains mildly below its highs of a couple of weeks ago, so the decline so far looks to be modest.
I agree that a short term decline has started, but think that it could be mild or moderate in its pace.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News