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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 671.910.0%Nov 14 4:00 PM EST

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To: GROUND ZERO™ who wrote (39099)10/18/2012 12:31:00 PM
From: Kirk ©  Read Replies (2) of 218832
 
I don't remember if I posted here a note to check out my latest graph of ECRI's WLI at ECRI's Weekly Leading Index Moves Higher To 62-Week High - I Still Like SPY
My guess is the market continues up until it rolls over...

I don't pay much attention to absolute levels or predictions of recessions or recoveries for WLI or sentiment [ nvestor's Intelligence Survey (IIS) Bull Bear Sentiment Survey Data and Chart] ... given the massive deficit spending warping the data keeping us out of a depression.... but the TURNS in WLI and Sentiment are very important.

This is a good sentiment chart
State Street Investor Confidence Index (ICI) versus S&P500
and this is better
Dow Jones Economic Sentiment Indicator Moves Higher for First Time Since March

The biggest news was from Fidelity... more in their bond funds than equity funds. I can remember going it there to sell HP stock in 2000 (sold a ton to hit the AMT limits...) and there were banners and signs EVERYWHERE to buy their equity funds that everyone wanted ....
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