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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 30.81-14.3%Nov 20 4:00 PM EST
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To: da_cheif™ who wrote (102972)1/14/2016 8:16:26 PM
From: robert b furman1 Recommendation

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3bar

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Hi chief,

I think I'll put this next to my copy of Joannes "Bottom Spotter " chart :

The four-week moving average of neutral and bearish respondents hit 77%, which tied with the week of March 12, 2009 -- coinciding with the post-financial-crisis bottom, just before stocks went on a long-term run higher. Prior to that, you'd have to go back to February 2003 (also 77%), Prybal said. The all-time high of this moving average occurred in the late 1980s/early 1990s, right around 80%.

Bob

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