Replies to post #44196 on Short Term Trading Member Forum

[Chuck703VA]

Techcharter...

I am in agreement. I am thinking though it may be wave B of large ABC with larger C to follow soon. I am looking for the last wave [I have been waiting for a while now] to top out in the high 1130's. What I mean to say is the upper TL is about there now. However, an overshoot is possible and I am thinking limited to high of 1153 or thereabouts without violating ed5 greater than ed3.

JMHO.

I was fully expecting that to happen this morning...but no rock 'n roll yet.

[BlissBull]

1:12PM Investors turn bearish: AAII survey by April H. Lee
NEW YORK (MarketWatch) -- Investors are now slightly more bearish than neutral or bullish on the stock market for the next sixth months, according to a survey of its members by The American Association of Individual Investors released Thursday. About 38% of investors said they were bearish this week, while 30% were bullish -- a reverse from last week when a 40% were bullish and 33% were bearish. The survey has seen such reversals in majority sentiment every week for the last month, as the number of neutral investors has steadily increased from 22% earlier in the month to 31% this week.