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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who wrote (3773)3/4/1998 6:30:00 PM
From: Boca_PETE  Read Replies (1) of 42834
 
Truman: RE: <investor sentiment currently recorded a 62% bullish reading. What percent would be described as "bearish.">

Bullish sentiment announced this morning was at 64% bullish. Investors Intelligence reports 48.8% Bulls, 27.2% Bears, and 24% expecting a near-term correction according Reuters.

I believe Brinker's model uses a 4 week moving average for this indicator. He has stated the indicator turns bearish when such average exceeds 70%, but it is only one of his four major indicators. He also has a double check on his timing model where he asks himself a series of questions.

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