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

To: Z-M-L who wrote (65563)	8/9/2011 11:14:22 AM
From: Turtles_win	Respond to of 207842

Z-M-L: Sentiment wise, here's what I see... First, the best indicator in this area, the Investor's Intelligence sentiment survey, is NOT at a buy point yet. We need %bears > %bulls. Still probably 2 or 3 weeks away from that, assuming more downside and more pessimism building. If there is a bounce in the markets, we are probably 2 months away from a buy signal in this. AAII - buy already , but this is a short term indicator. CBOE p/c - 21 day averated not quite at a buy yet, day-by-day close. Nova/Ursa ratio - not at a buy yet, but getting close. Magazine covers - not at a buy yet. Overall, I think this hit in the averages has happened so fast that most individuals have not had time yet to decide to exit. But no doubt they are worrying about the parallels to 2008. Thanks for helping me save me from myself. Which is something my wife tries to do constantly. My emotional game is lacking. Oh, well, anyway, back to the patience, waiting game. Always interesting to observe the game even if I mess up and have to suffer.