The short-term sentiment indicator is sitting between "Neutral" and "Excessive Optimism." Does this suggest some backing and filling in the next day or two? For those late to the long side, is fear justified that the market will gap up tomorrow and run away further to the upside? Will a better buying opportunity come after the open?
http://www.sentimentrader.com
Sentiment Trader
Started by
89S10
, Sep 18 2007 05:29 PM
3 replies to this topic
#2
Rogerdodger
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Posted 18 September 2007 - 07:57 PM
My guess is a little more upside but near some top.
Youmast has a nice little post below which sounds about right.
He thinks a decline after opex.
Maybe like the July top shown below with the 2 red arrows.
Youmast has a nice little post below which sounds about right.
He thinks a decline after opex.
Maybe like the July top shown below with the 2 red arrows.
Edited by Rogerdodger, 18 September 2007 - 08:12 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
gorydog
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Posted 18 September 2007 - 08:06 PM
The short-term sentiment indicator is sitting between "Neutral" and "Excessive Optimism." Does this suggest some backing and filling in the next day or two? For those late to the long side, is fear justified that the market will gap up tomorrow and run away further to the upside? Will a better buying opportunity come after the open?
http://www.sentimentrader.com
I don't think that supports a pullback at all. TRIN & TRINQ do, but not NAMO and barely NYMO. Maybe a little selling tomorrow but not below 1510 I think and 1490-1500 SPX for sure.
GD
#4
ogm
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Posted 18 September 2007 - 08:38 PM
Long term isn't even neutral yet.
I don't know what sentiment trader measures, but put/call was high today all day.
Equity put/call was flyingh in the morning. It closed off the highs, but still far from bullish at 0.69
Total put call closed above 1 again. And has been there for weeks already.
If you read different message boards, people are shocked. Not many apparently were positioned for this. Whining, complaining, Fed bashing.. is raging everywhere.
I saw one guy on CNBC today.. Guy Adami, or something like that. They interviewed him after the rate cut with dow near 300 points up, and he was paralyzed and sweating. I figured thats the guy on the wrong side 
Look even at this board. Not many believers. Stunned, is more like it. I'm not even talking about boards like capitalstool or others. There is still hope this will be over soon.
Sentiment is nowhere near excessive here.
And yet we have another 9 to 1 upside day, that broke above all those resitanse levels, moving averages, and everything else that kept people out.
Up , Up, and away... aside from small pullbacks here and there. The world is investable again. Things have changed.
Look even at this board. Not many believers. Stunned, is more like it. I'm not even talking about boards like capitalstool or others. There is still hope this will be over soon.
Sentiment is nowhere near excessive here.
And yet we have another 9 to 1 upside day, that broke above all those resitanse levels, moving averages, and everything else that kept people out.
Up , Up, and away... aside from small pullbacks here and there. The world is investable again. Things have changed.
Edited by ogm, 18 September 2007 - 08:42 PM.
