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


To: TheStag who wrote (79152)1/27/2013 8:51:25 AM
From: Thrifty9551 Recommendation  Respond to of 207068
 
Would think we need much more irrational exuberance--- shoe shine boy hasn't given me tips yet



To: TheStag who wrote (79152)1/27/2013 9:57:49 AM
From: POKERSAM3 Recommendations  Read Replies (4) | Respond to of 207068
 
Here is a couple:.

bullandbearwise.com
money.cnn.com
aaii.com

You may google "sentiment indicators" and find an abundance of info on the subject.
I know there are some who like to think they are bullish and in the minority. This of course is silly. We are in a bull market so of course there are more bulls than bears. Since we are in a bull market, calling for a bear market to begin means you are predicting against the herd and the trend. This is hard to do.
To be bullish right now means you are following the trend and the herd, swimming with the current. Nothing hard about that and nothing wrong with that either. Trend followers are right most of the time because the trend spends most of the time continuing. It spends very little time turning.
You can also look at a long term chart and see that the market spends much more time going up than down. So constantly staying bullish will make you right most of the time. It is playing it safe to have a bullish bias all of the time. You will be right more often than wrong.
The next couple of years, however, will be a problem for the perma bulls. We are about to enter a long bearish decline to finish the wave [IV] correction. When it is over we will proceed up in a large bull market once again.