5 replies to this topic

[Rogerdodger]

I'd say it is a warning sign.
AAII Bull/Bull=Bear ratio is at 74% 49 v 17
Thrift Savings was at 79% 2 weeks ago.

December 2010 high was 79%:
Tickersense: 01/14/11 70%
Thrift S Plan: 01/14/11 61%
AAII (as of 1/5/2011) 75%

Tickersense: 01/07/11 80%
Thrift S Plan: 01/07/11 54%
AAII (as of 12/29/2010) 72%

Tickersense: 12/31/10 70%
Thrift S Plan:12/31/10 76%
AAII (as of 12/22/2010) 79% 63 v 16
(This Chart is not yet updated)

Edited by Rogerdodger, 05 January 2012 - 10:08 AM.

[Rogerdodger]

Summary of recent economic reports (after trillions spent in "string pushing" stimulus ):

"This report has been lagging strength in other indicators and is a reminder that economic growth, though likely picking up steam, is less than robust."

Chain Store Sales
Challenger Job-Cut Report
7:30 AM ET
ADP Employment Report
8:15 AM ET
Jobless Claims
8:30 AM ET
Bloomberg Consumer Comfort Index
9:45 AM ET
ISM Non-Mfg Index
10:00 AM ET

[NAV]

Snort city ! - I like that term

[arbman]

Me too, Roger how can you be so instrumental in finding the best humor in all these and all the time? Anyhow, I think I told you so. This thing may shoot up one more time but it would be an awesome short. I am accumulating slowly.

[Om_Namah_Shivay]

Me too, Roger how can you be so instrumental in finding the best humor in all these and all the time?

Anyhow, I think I told you so. This thing may shoot up one more time but it would be an awesome short.

I am accumulating slowly.

Its been an honor among traders here with great wit, wisdom, watch and wariness about being on the right side of the trade.
why is majority wrong, or is it wrong only in bear market and is right in bull market? just asking.....how does this thing works

[Rogerdodger]

Its been an honor among traders here with great wit, wisdom, watch and wariness about being on the right side of the trade.
why is majority wrong, or is it wrong only in bear market and is right in bull market? just asking.....how does this thing works

Sometimes one's funny wit can get one's teeth knocked out.
Do not try this at home.



As far as sentiment readings, the absolute numbers have to be taken in consideration along with of other technical factors.
Note that in December 2010 the SPX had just broken above it's recovery high and the least resistance was up.
But with all pyramid scheme's, once everybody in town has bought, there are no buyers left and it finally collapsed in May.

Currently we have broken through one downtrend line but we are bumping up against the October highs and well below the May top.
And shouldn't VIX be making a lower low if SPX is making higher highs?
Note the early FEB and late April tops where VIX didn't confirm.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=5&dy=0&i=p84180298580&a=207728465&r=7911.png

Edited by Rogerdodger, 05 January 2012 - 01:34 PM.