market bears very low ,bullishness is high...correction soon?

Discussion in 'Trading' started by dsq, May 18, 2008.

  1. dsq


    market is up 10% from lows...bull/bear sentiment indicator is getting bearish...bear sentiment low...whe n it gets to low 20s it is a market top...bull sentiment needs to go above 50% to be aproaching danger zone...

    this is one of the best indicators.Market has always tanked when bull sentiment is over 60%....wish i could get historical charts for it cause it is never wrong...
  2. Lucrum


    Actual Position & Market Opinion Poll for Monday, 5/19/8

    after the close on Friday...
    What is your actual position?

    Fully Long 5.71%
    Partially Long 14%
    Flat 20.00%
    Partially Short 5.71%
    Fully Short 31.43%

    What is your opinion for Monday?

    I'm Bullish 20.00%
    I'm Neutral 28.57%
    I'm Bearish 51.43%

    I'm not so sure the retail traders are there yet.