20 replies to this topic

[OEXCHAOS]

AAII is showing 23.10% Bullish and 52.90% Bears. This is a bit more Bullish and a lot more Bearish. This is a ST Buy and an IT Buy. Last week they had 21.00% Bullish and 46.70% Bears.

[K Wave]

Until the charts actually right themselves, could be meaningless.

 

If we make it past AAPL tonight without tanking, then could be real meaningful....

[q4wer]

APPLE may create a bounce tomorrow.

[beta]

Do these indicators work in a bear market?   Seems like the last 12 years has culled all but the most lean and mean bears. 

 

Surviving bears are not dumb money.  Conversely, the past decade has cultivated LOTS of dumb money bullz. 

 

Anyways, I do think we get a decent rally soon -- i.e., from SPX 4000/ AAPL 140's. 

[fib_1618]

Provided with all due respect to Mark and Don...with no malice toward sentiment analysis or axe to grind...but as a comparable period to the current internal market action.

 

For more on "Trend Divergence" you can refer to the Market Analysis area of this site where I've been recently sharing the Weekly Breadth Data reviews.

 

Fib

 

Edited by fib_1618, 27 January 2022 - 02:31 PM.

[kaiser soze]

We are at SPX 4320 on Thu afternoon at 3 pm EST as I type this.  In a "normal market", ST bottom is probably in place at SPX 4223 on Monday due to extreme oversold breadth readings.  

 

According to the tables I keep, out of 1955 technology + biotech stocks (i.e. high growth sector) across all US exchanges, only 8% of issues are over their 50 day moving averages as of Thu afternoon, only 11% of issues are above their 200 day moving averages, and only 13% of these issues have a PNF buy signal.  We really need a bounce here if we are to avoid an all-out crash. 

[hhh]

Short term charts here are looking somewhat constructive for a bottom here: https://stockcharts..../dpgallery.html

[Rogerdodger]

Sentiment is just one of many indicators.

Don't leave home without it!

 

But just in case...Assume crash position!

 

Edited by Rogerdodger, 27 January 2022 - 04:25 PM.

[steadyquest]

Playing around with the number 3.5 (during dot com bust)

 

 

A fanciful extrapolation

 

[Rogerdodger]

I find it interesting to compare a "sentiment" poll with CNN's fear and greed index (33 at today's close) which is based on technical market indicators.

There is often quite a difference in the two.