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Wednesday, 03/14/2012 1:15:40 PM

Wednesday, March 14, 2012 1:15:40 PM

Post# of 51788
Investors Intelligence Chart

This week the bullishness declined against a market rally. The decline in bullishness started a month ago. The February 2012 bullish top was slightly lower than the March 2011 top. The market is trading above the April 2011 top, a divergence. That's not to say all the bulls are turning into bears. Bearishness has been relatively unchanged as it has spent the last month finding a bottom.

There is no fear, but there is declining interest to be in the market. Declining bullishness has led or been coincidental to larger market selloffs. I think one is directly ahead.

http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx

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