Last weekend this link was posted by spielchekr: http://www.tsptalk.com/sentiment.html
It showed a surge in bullish sentiment and offered a "sell" signal with 66% Bullish and only 18% bearish.
WOW! What a call!
I was impressed and said:
Thanks for posting this. It's an eye opener.
This is the first time I remember seeing this one but I think those stats are shouting out loud.
But then, in a reversal, Thursday night, Sentimentrader.com moved to it's most bearish since May 10th and I posted this notice:
(See the green arrows below)http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p51570748413&a=95529637&r=7648.pngSentimentrader.com jumped to the big bears tonight.
Longerterm moved less bullish also.
More bearish than May 10th.
Almost the same price! 1490 SPX.
Looked like a little panic selling at the close.
Tonight TSPTALK has moved back to a buy signal with 46% bullish and 38% bearish.
Sentimentrader.com moved back to neutral.
I'm going to watch that 1490 area.
If it's violated, we could see declining tops for a while.
PS: Today is the 3/4 moon and once again...the bottom. For now anyway.
Edited by Rogerdodger, 08 June 2007 - 07:17 PM.