Billy
05-20-2011, 12:36 AM
I usually don't give much weight to sentiment indicators. But today's update did strike me as being equivalent to the ratios last seen end of August and early September, just before a major bull run.
This could be very supportive of the next 20 DMF or robot buy signals, or a CANSLIM follow-through day. Billy
"Bullish sentiment, expectations that stock prices will rise over the next six months, fell 4.1 percentage points to 26.7% in the latest AAII Sentiment Survey. This is the lowest level of optimism since August 26, 2010. The historical average is 39%.
Neutral sentiment, expectations that stock prices will remain essentially unchanged over the next six months, slipped 1.7 percentage points to 32.0%. Nonetheless, neutral sentiment is above its historical average of 31% for the fifth consecutive week.
Bearish sentiment, expectations that stock prices will fall over the next six months, jumped 5.8 percentage points to 41.3%. This is the highest level of pessimism since September 2, 2010. It is also the 12th time in 13 weeks that bearish sentiment has been above its historical average of 30%."
This could be very supportive of the next 20 DMF or robot buy signals, or a CANSLIM follow-through day. Billy
"Bullish sentiment, expectations that stock prices will rise over the next six months, fell 4.1 percentage points to 26.7% in the latest AAII Sentiment Survey. This is the lowest level of optimism since August 26, 2010. The historical average is 39%.
Neutral sentiment, expectations that stock prices will remain essentially unchanged over the next six months, slipped 1.7 percentage points to 32.0%. Nonetheless, neutral sentiment is above its historical average of 31% for the fifth consecutive week.
Bearish sentiment, expectations that stock prices will fall over the next six months, jumped 5.8 percentage points to 41.3%. This is the highest level of pessimism since September 2, 2010. It is also the 12th time in 13 weeks that bearish sentiment has been above its historical average of 30%."