I noticed I had data problems all weekend, so I may not be able to trade, much less watch stats.
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On another topic, look at this e-mail I just received. Particularly at the change in bullish sentiment. I have never noticed it this high before.
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Traders,
Here is this weeks numbers:
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LOWRISK.COM
INVESTOR SENTIMENT SURVEY
3 / 23 / 98
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Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 3/16 through 3/22 on our web site.
Number of participants: 347
30 day outlook:
64% bullish, 33% last week
23% bearish, 31% last week
13% neutral, 35% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 3/27: 8747 (it was
8560 last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
Bullish sentiment surged 31% this week to 64%. Bearish sentiment dropped to
23%, while the neutral camp dropped to 13%. While this is to be expected in
the wake of last weeks rallies, we consider readings of 60%+ to be
dangerously high. The current market has a lot of momentum, but this type
of sentiment reading usually marks impending weakness.
Please stop by to take part in this weeks survey at:
lowrisk.com
More sentiment data is at: lowrisk.com
best regards,
Jeff Walker |
