I think sentiment indicators are useful, however, I would be careful of using them outside of the bigger picture. It is not only are people overwhelmingly bullish or bearish, but also have they acted on their convictions as well. Only once we get to extreme levels where people also throw in the towel can there be a turnaround. I do agree that there are lots of bears in the market at the moment, but that by itself doesn't necessarily indicate a bottom. I am very mindful though that there just seems to be more selling pressure around than we have seen in a long time.
I dont know how you guys/gals can sit at your desk all day watching quotes and charts flicker on your screen in this '70s type of market. Why not take a long term short and go enjoy life!
as typical the scoundrels are likely looking to bottom the market on INTC report-day as the maggots always seem to do. The Q is will they jump the gun, and start any rally prior thereto? ICe p..s what happened to the "signatures"
perhaps not... but you've heard of V-bottoms... non? We have seen them before susbsequent to parabolic down moves.. and always we ask "what will be the catalyst to move the markets (higher)"? Been that way for 18 years that I can recall. Things like the "Asian Crisis" etc. etc. etc. etc. regards, ICe
Whoa... Put/Call ratio... http://stockcharts.com/def/servlet/SC.web?c=$CPC,uu[w,a]dacayymy[dc][pb5][vc60] hmmm...link is broken for some reason...copy the whole thing to browser and you'll see... put/call ratio at 1.42 m
Hey just curious, but it seems your point is that compared to those periods this is still pretty much low volatility and not much of a decline in comparison? I NEED SOME VOLATILITY and don't tell me forex lol....