(260 points if you count from the highs of the day.)
But Sentimentrader did not budge from Thursday's close.
When is the last time you saw "all the president's men" on CNBC to reassure everybody, as they did Friday?
That smacked of panic IMHO.
TSP, after being on a sell for 4 weeks, finally got one.
Now they have moved to a buy:
07/30/07-08/03/07
Bulls = 45%
Bears = 41%
Ratio = 1.10
Votes = 391
Signal = BUY
For our survey we noticed a Ratio of:
2.00 and higher tends to be bearish
1.25 or less tends to be bullish.
Remember the little rally we had Monday?
It looks like it influenced these guys as this was published about the time everything fell apart:
Edited by Rogerdodger, 28 July 2007 - 11:19 AM.