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


To: Crimson Ghost who wrote (15661)12/22/2001 11:33:16 PM
From: bobby beara  Read Replies (1) | Respond to of 99280
 
. But where do you get the idea that people are bearish? VIX is 23 and VXN around 50. Surveys show near record bullish sentiment among investors and market letters<<<,

besides the pervasive bearishness on these threads, and reading most t/a advisors on decision point or aegean capital which are slanted toward the bears.

Rydex traders have kept high levels of ursa and tempest and cash during this whole rally, at previous rally peaks they abandoned the bear funds almost completely and kept light cash levels,

the trend of the vix is just as important, if not more important than the absolute levels, and the vix trend is still bullish and doesn't give a sell signal till it bottoms and turns up.

worldlyinvestor.com

We may have seen the peak in bullish sentiment in the 3rd week of november and now we are in a bearish trend - larry is bearish because the p/c moving avg rolled over, but cautiously bearish, price has yet to confirm, we have just been chopping around since the 3rd week of november.