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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 677.58-2.0%Jan 20 4:00 PM EST

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To: GROUND ZERO™ who wrote (55705)11/29/2013 10:53:16 AM
From: Kirk ©  Read Replies (2) of 222134
 
Great chart. I am VERY interested to see how it breaks.

Investor newsletter writer sentiment is about as bullish as I've seen it since I've charted it

If you go to my graph of last weeks data at Investors Intelligence Sentiment vs S&P500

then you can add a new point on the right with the yellow box at a 15 year max just touching 80%
Bulls over bulls plus bears = 79.5%
then extend the red line over 1,800
It "could be different this time" but past history suggest a lump of coal in the santa rally.

Of course, other measures of sentiment are still quite negative which is bullish for us contrarians. It is possible that the public isn't listening to the bullish newsletter writers.
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