Ready for Counter Rally?
Started by
iloli way
, Jan 15 2008 04:03 AM
3 replies to this topic
#1
iloli way
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iloli = I'm Laws Of Line's I(eye)
Posted 15 January 2008 - 04:03 AM
AAII and the Market Vane investors' sentiments had plunged to recent new lows, the percent of AAII's Neutral sentiment had risen to 7-week high and surpassed the bullish sentiment. This indicates rising number of investors having reservations about recent market selloff. 7 weeks ago(Nov 26, 2007), when the AAII Neutral sentiment surged above 21% while bullish sentiment dropped drastically from the previous week, the market rallied more than 8% immediately following that dramatic shift of sentiment. A counter rally should ensue. The fiercest market rallies occurred in bear market. Were that true this time as ever, then this counter rally may have quite a way to go. - chartmentary.com
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Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#2
eminimee
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I don't care who's fur is flying...
Posted 15 January 2008 - 05:18 AM
...if we get the final flush....it just may turn into more than countertrend.
#3
eminimee
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I don't care who's fur is flying...
#4
eminimee
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I don't care who's fur is flying...
Posted 15 January 2008 - 06:06 AM
PS: RE: Flush on the banks......I don't mean necessarily today....plenty of banks to come clean after today and Citi.....I'm thinking BKX could hit 72 area later in the month. Just wanted clarify that.
