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Strategies & Market Trends : Investor sentiment surveys - a technical indicator

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To: kx who wrote (157)3/7/1999 7:46:00 AM
From: kx  Read Replies (1) of 167
 
Corrections: 990305 37% (BULL) 19% (BEAR), 45% (NEUTRAL). The short term signal turned up on last Wednesday. The mediume trend was up also on Friday. On Friday, A/D issue, A/D volume, and New high more than New low are all broad base and positive. Hopefully, these numbers will continue to be positive. Otherwise, the new high in the Dow will be a short rally. Hopefully the 30 yr bond yield will continue to move down from about 5.6% to around 5%.
For the AAII signal, it is also a good sign that there is a significant increase in the undecided investors. If these undecided turn bullish, the market will make the final upward move and that might be another sign of warning again.

Long term trend is up.
Medium trend is up.
Short term trend is up.
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