Exactly the flip side of prevailing sentiment the week of March 9, 2009, the Intermediate Term Low when the AAII bearish reading reached an all time record 70% bearish. Sentiment is echoing what the internals are saying....and that is that the IT trend has topped. Here's a particularly revealing look at the advance/decline-volume structure (a very key internal) as of today. Price follows internals like night follows day. Internals are heading downward. If I had a way of making this important point in stronger terms, I would. Seriously. Price will follow....JMHO, of course. Good Weekend, D
Edited by IYB, 06 June 2009 - 04:16 AM.