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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: vixson who wrote (50903)	2/3/2010 8:32:29 AM
From: humble1	Read Replies (1) \| Respond to of 208149

how about this; is this better?: aaii.com the same as at the early october low. and how about this at 19% bulls?: Message 26291886

To: vixson who wrote (50903)	2/3/2010 8:52:02 AM
From: da_cheif™	Read Replies (2) \| Respond to of 208149

61% out of the market????......wats wrong with that eh....back to 1984 todays report from II ................... .................... Markets lost more ground last week and Friday?s poor close left most indexes down 6-7% from their fifteen month highs on 19-Jan. The decline was similar to last October. The activity resulted in lower readings for both the bulls and the bears while those looking for a correction increased to a level not seen since April 1984, more than 25 years ago. The readings also ended with identical levels for the bulls and correction camps, a very unusual occurrence. The bulls edged lower to 38.9% from 40.0% last week. Just prior to that we noted a 53% plus reading for the bulls as the averages were achieving new highs. That was the most optimism since the late 2007 all-time market high. We now see the fewest bulls since early July last year when they were at 35.6%. That was equal to the bears for one-week to offer a strong positive signal. The drop in bullish sentiment is a good sign for stocks. The bears contracted slightly to 22.2% after surging 4.4% a week ago to 23.3%. This group has recently showed relatively wide swings as those expressing pessimism are unable to gain much traction. December ended with the bears at just 15.6%, a low since April 1987. The number of advisors classified as correction moved up to 38.9% from 36.7%. That is their highest number since they were 39.3% on 13-Apr-84. This group is mostly bullish but they expect an intervening market retreat before the rally begins. They look to buy on dips. Correction advisors are not very committed to any position and they often use this outlook temporarily as they shift from bullish to bearish, or vice versa. The difference between the bulls and bears was little changed at +16.7%, just 1% higher than a week ago. The spread has more than halved from the early January differences of +33.3% and +37.5%. The spread gets scary as it nears +40% while very negative levels (-20% and below e.g. last March) are positive for stocks. Stocks ended last week with short-term oversold indicator readings that pointed to a rebound this week. There was also further weakness amongst the medium-term indicators and they remain close to potential bear confirmed sell signals. Sentiment is improving though and that suggests there is still plenty of cash waiting for investment opportunities.

To: vixson who wrote (50903)	2/3/2010 11:27:40 AM
From: syrmax	Respond to of 208149

Lotta Correction Talk oozing from Bloomie re: ISM bloomberg.com Risk of Plunge Expectations that U.S. stocks will tumble 10 percent or more rose to highest level since April 1984 this week, according to Investors Intelligence’s weekly survey of newsletter writers. The proportion of investment writers who anticipate a so-called correction climbed to 38.9 percent in the week ended yesterday, an increase from 36.7 percent in the period ended Jan. 27. The New Rochelle, New York-based company has tracked the projections of newsletters since 1963. El Arian of course also apopleptic...