Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 128.77

-2.5%

Nov 4 3:59 PM EST

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To: dospesos who wrote (6619)	9/2/2020 10:42:20 AM
From: Kirk ©	Read Replies (1) of 26412

howdy 2 pesos... Sentiment getting up there.... 25 to 30% moves without any retracement are rare too. Quite possible the recent weakness was the retrace that came too quickly that it was integrated out of this measure. II Sentiment: Investors Intelligence Bulls / (Bulls+Bears) & S&P 500 Weekly #Sentiment Important to note that II has "survivor bias" where anyone foolish enough to be bearish LT for the past 30 years has probably gone out of business... so there is a heavy bullish bias to that data. That is why I use the derivative... ratios, rates and levels of change rather than absolute numbers.

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