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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Psycho-Social who wrote (7812)11/25/2001 8:05:57 AM
From: Murray Grummitt  Read Replies (1) | Respond to of 99280
 
<<"Jake Bernstein's Daily Sentiment Indices:
Current Readings of Trader Sentiment:
S%P 68% bullish 3dy mov ave, 70% 5dy mov ave, 74% 9dy ave.
Nasdaq 64% bullish 3dy mov ave, 68% 5dy, 73% 9dy.
3 Indicator Ave of Consensus Inc, AAII & Market Vane varies between 20% and 60% bullish: has risen to 55% bullish.">>

I'm not familiar with these sentiment indices but I presume they delineate between commercial and non-commercial traders. If they are using non-commercial traders then this is a contrary indicator. I presume that's what we're looking at as the bullish indicators have risen with the market.



To: Psycho-Social who wrote (7812)11/25/2001 1:28:10 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
thanks for data,and i am now on search to find places to find sources for these indicators--they really are a new area for me i want to get on top of:) here is the Barron's VANE data as of this week.

<<Investor Sentiment Readings

11/26/2001
Barron's
Page MW61
(Copyright (c) 2001, Dow Jones & Company, Inc.)



In Investors Intelligence's poll, the correction figure represents
advisers who are basically bullish, but are looking for some sort of
short-term weakness. High bullish readings in that poll, in Consensus
Inc., or in Market Vane 's usually are signs of market tops; low ones,
market bottoms.
Investors Intelligence

Two Three
Last Weeks Weeks
Week Ago Ago

Bulls 46.9% 44.4% 41.7%
Bears 28.6% 30.3% 33.3%
Correction 24.5% 25.3% 25.0%

Source: Investors Intelligence, 30 Church Street, New Rochelle, N.Y.
10801 (914) 632-0422.

Consensus Index

Bullish Opinion 57% 57% 50%

Source: Consensus Inc., P.O. Box 411128, Kansas City, Mo. 64141 (800)
383-1441.

AAII Index

Bullish 58.3% 45.5% 34.6%
Bearish 25.0% 33.3% 42.3%
Neutral 16.7% 21.2% 23.1%

Source: American Association of Individual Investors, 625 N. Michigan
Ave., Chicago, Ill. 60611 (312) 280-0170.

Market Vane

Bullish Consensus 50% 52% 46%

Source: Market Vane , P.O. Box 90490, Pasadena, CA 91109 (626)
395-7436.>> end quote