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Non-Tech : Raptor's Den

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To: rogermci® who wrote (8154)2/24/2003 1:58:27 PM
From: bcrafty  Read Replies (1) of 10157
 
Roger, for some more perspective

Here are the previous few weeks AAII figures from someone who keeps track of it on a regular basis. That is a large influx of bears this past week, I have to admit.

Message 18607011

boomspeed.com
Chart courtesy of John Madarasz

Personally, though, I don't pay much attention to AAII percentages or Rydex numbers, but instead only use the VIX as a more reliable indicator of intermediate-term trends on sentiment. Right now I'm waiting for us to reach 20 or 50, whichever way we end up going; I was expecting this kind of sideways movement shortly after the beginning of the January decline.

Also, the 10 dma on the P/C seems to indicate a bounce now until it gets to the .7 area.
photos.yahoo.com
Chart compliments of shoreco
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