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To: sun-tzu who wrote (135841)11/27/2001 2:15:30 AM
From: sun-tzu  Read Replies (1) | Respond to of 436258
 
SENTIMENT INDICATORS
-----------------------------
Fearless Forecasters........: 14% Bulls 71% Bears (11/23)
AAII Investor...............: 58% Bulls 25% Bears (11/21)
Investors Intelligence......: 47% Bulls 29% Bears (11/21)
Short Interest Ratio(Nov 15): 4.9 (5.0 or greater is bullish.)

the high short interest persists and imo continues to be one of the driving forces of this continuation move. until the 10 day moving average of the P/C ratio drops below .3, we keep going higher.

the VIX needs this signal for confirmation that it is near an important bottom. Given it's extreme rise, a drop to 18-20 would not at all surprise me.

give me froth!