SPX beat my call for a top yesterday by 32 cents today.
Must be the Big Bots reading my posts.
Futures down tonight so far.
Sentimentrader popped more bullish on that 32 cents.
Investors Intelligence:
I hate it when I miss the top by 32 cents
Started by
Rogerdodger
, Feb 15 2007 10:20 PM
2 replies to this topic
#2
Posted 16 February 2007 - 07:28 AM
Roger,
Did you notice the total lack of increased Bearishness in that survey, even though it included two days of not so pretty decline?
That is one of a couple things that say, "Caution!"
M
Mark S Young
Wall Street Sentiment
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#3
Posted 16 February 2007 - 11:11 AM
Mark, I posted a chart showing the $VIX touching the BB's and reversing but pointed out that each time this has happened it was only a buying dip.
Last night Sentimentrader.com jumped to it's highest s/t bullish reading in a while.
Often that can halt an upmove briefly.
I am going with the cycle guys who are looking for a low around here.
It may have already happened.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=3&dy=0&i=p67029482487&a=98177077&r=3372.png
Last night Sentimentrader.com jumped to it's highest s/t bullish reading in a while.
Often that can halt an upmove briefly.
I am going with the cycle guys who are looking for a low around here.
It may have already happened.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=3&dy=0&i=p67029482487&a=98177077&r=3372.png
Edited by Rogerdodger, 16 February 2007 - 11:14 AM.
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