ES Journal Archive (2009 - 2010)

http://stockcharts.com/h-sc/ui?s=$BPNYA&p=D&yr=1&mn=0&dy=0&id=p53880483647 extremely high bullish sentiment,highest all year,could indicate the big one

 

That's a contrarian indicator right?

 

when a market is 70% bullish,the theory is that there are very few buyers left out there, so yes its contrarian

 

that is scary how do they measure bullishness?

 

http://stockcharts.com/school/doku....ors:introduction_to_mark#bullish_percent_inde

 

cool thanks

 

test

 

Am not bullish but...
I think the market rallies for a few days, or sideways to up
and then a concerted move down.

DISCLOSURE: I am in the process of closing my FEB XLF 13 puts

 

ES could go as low as S2 at 867

888/889 POC/PP is a potential breakout area

Very interesting that VIX is DOWN today, even though ES is DOWN.