Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 47.27

+12.5%

Jan 2 4:00 PM EST

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To: kapex who wrote (38598)	2/23/2009 12:04:48 PM
From: okavango	Read Replies (1) of 207561

Fwiw, the 8 week moving avg of AAII bullishness is ~ 30%. It has been lower at other significant mkt bottoms. Also, the Feb '03 mkt bottom saw 3 consecutive weeks < 23%, each week lower than the prev wk. (Weekly AAII numbers have seen the teens before...) Clearly we're testing the Nov bottoms, but we've all expected that. Forget all the 'sentiment polls' - they're just there to make fun of "the other side" - seems we're evenly split between those who expect the turn and those who expect a scarier bottom. Personally, I'd like to see a better washout - Nov didn't quite 'satisfy' me. Trade well.

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