Yes Billy, but that time around there was completely different picture in stages, wans't it? As far as I can recall, accumulation was clearly shown by you in daily and weekly setup stages.
Regards
Yes Billy, but that time around there was completely different picture in stages, wans't it? As far as I can recall, accumulation was clearly shown by you in daily and weekly setup stages.
Regards
Not at all. We were actually in the same area for daily stages scores and in negative territory for weekly stages scores. What was really different back then was the start of QE2.Originally Posted by Andrei
Billy
Billy,
Mark Hulbert has a different take on sentiment:
http://www.marketwatch.com/story/how...=home_carousel
Can you recall whether this indicator (now bullish to a contrarian) was bearish back in August?
Sorry, I got the sentiment on this survey backwards. It's currently bearish (too many advisors bullish).
The AAII is the American Association of (retail) Independent Investors and has nothing in common with Hulbert's professional advisers surveys.
Billy
Billy, I understand they are different. From my understanding, the II survey was bullish back in August 2010 (i.e., advisors were overly bearish) whereas today, as Hulbert writes, they are overly bullish (bearish as a contrarian).
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