Replies to post #107618 on Zeev's Turnips Patch-No Politics (ZEEV)

[leptokurtosiss]

OJ,

Thanks for the warning, your opinions are highly respected. I'm not trying to be stubborn, but I have a few questions.

Although I agree that the index has not yet rolled over and its up trend is well intact, wouldn't you think it has come up here too far too fast since March ?

The spread between bullish/bearish sentiment is in the extreme right now
Date Bull Bear
5/14 54.4 23.9
5/7 55.8 24.4
4/30 48.3 29.2
4/23 42.7 34.8
4/16 50.6 30.3
4/9 51.1 31.1
4/2 47.2 34.8
3/26 47.8 33.3
3/19 46.6 35.2
3/12 39.8 37.5

The daily sentiment indicators (RSI, sto) are all hoovering at their highs. And weekly stochastic is also reaching its extreme.

Furthermore, what about the seasonality ? Aren't we suppose to have slow summer ?

Thanks again and regards,

Lepto