Last week, the Elite Traders 60% were bullish. Either already long or planning to buy weakness. We have the weakness but we don't have the rebound. So what do you guys think for this week? Will the "holiday effect" win out?
Well, this is even more mind boggling. Not sure the exact date that sentiment was recorded (I believe it must have been last Tuesday, June 24th), but the AAII Sentiment Numbers were the highest they have been since January, 2000...A whopping 76% bulls and only 8% bears...I am thinking Prozac prescriptions must be on the rise with that much bullish bias...