First time that we have had Bulls up to Bears since August 20th. New numbers out today. http://www.schaeffersresearch.com/streetools/market_tools/inv_intel.aspx
however the bearish sentiment indicator has been a completely useless metric during the last 4 months at minimum.Its a great indicator in a channeling market but for routs it aint.I guess it worked today though.
Depends on how you use it, and interpret it with other technical tools. It worked just FINE for me today . . . Date Bulls / Bears 1/7 41.8 34.1 12/31 38.5 38.5 12/24 35.1 38.3 12/17 26.9 47.3 12/10 25.3 46.2 12/3 23.1 49.5 11/26 29 44.1 11/19 30.9 43.6 11/12 31.9 46.1 11/5 30.3 48.3
Good Landis--you saw today what I had seen days ago. Nothing like being early!! http://www.elitetrader.com/vb/showthread.php?s=&threadid=149709 Please tell what my #1 reason is.