SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Point and Figure Charting
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul V. who wrote (16341)3/25/1999 1:17:00 AM
From: Smooth Drive  Read Replies (4) of 34809
 
Hello All,

With permission from CHARTCRAFT/INVESTORS INTELLIGENCE, here's a few highlights from today's fax.

SENTIMENT INDEX        3/26/99            3/19/99
% of Advisors Bullish    55.9               52.6
% of Advisors Bearish    29.7               29.8
% of Advisors Correction 14.4               17.6

A few of the important indicators:
                  
                       3/23/99       3/16/99
% NYSE > 10wk MA:        35.71         41.74 Bull Alert
% OPTs > 10wk MA:        42.8          50.50 Bear Confirmed
% NYSE > 30wk MA:        38.37         42.76 Bear Confirmed
% OPTs > 30wk MA:        48.1          52.4  Bull Confirmed
NYSE Bullish %           39.6          42.0  Bear Confirmed
OTC Bullish %            37.6          42.7  Bear Confirmed
OPT Stks Bullish %       41.7          46.9  Bear Confirmed
High Low Index           37.8          44.1

You can see the % of Advisors Bullish has risen the last two weeks. This info is based on Investors Intelligence survey of 140+ newsletters. It does not include what the wirehouse talking heads say. The higher this number goes, the more cautious I become.

The High Low has reversed back down and you can see the other numbers arn't showing much strength. The Broad Industry Group (the industry sectors) had 3 up and 19 down.

All three adv-dec lines are lower than they were 10 days ago (I'm starting to think this is also a good short term indicator).

Take care,

Eric
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News