Profunds index and sector trading

[augieboo]

Schaeffers says "We normally view a bullish percentage higher than 55 combined with a bearish reading lower 30% as bearish for the market. On the other hand, overwhelming investor pessimism is reflected in Investors Intelligence bearish readings that are in excess of 55%, which normally translates into bullish market conditions."

So I think we're on the cusp, so to speak.