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Thursday, August 04, 2011 12:57:56 PM
It's the Investors Intelligence Poll that has a proven track record for helping to point out a market bottom and we still have way more Bulls than Bears in that poll. The last cross over of more bears than bulls was back around mid July to early August last year. That formed a good trading bottom.
http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx
Newsletter writers are mostly bullish on a permanent basis. They are also almost always wrong when they finally go bearish enough that the bearish newsletter writer out number the bulls.
Right now we are still....
46.3 Bulls and only 24.7 Bears
Way too Bullish!
JMHO, RtS
http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx
Newsletter writers are mostly bullish on a permanent basis. They are also almost always wrong when they finally go bearish enough that the bearish newsletter writer out number the bulls.
Right now we are still....
46.3 Bulls and only 24.7 Bears
Way too Bullish!
JMHO, RtS
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