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

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To: Mat Miller who wrote (112)	9/5/1997 2:34:00 PM
From: Andy H	of 167

To All: I am getting Investor's Daily a day late while on vacation here in northern Michigan. The Thursday edition reports the Investor's Intelligence numbers as about 33% bulls and only 21.1% bears, a five year low. If these numbers are correct, this means the so-called correction camp must be about 46%, far higher, I am sure, than ever in the history of these numbers. Can anyone confirm if these numbers are accurate? I was wondering if the numbers were reported the same in today's IBD. If the bear number is truly only 21%, this is disturbing, especially after last week's 33% number.

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