Replies to post #1342 on Profunds index and sector trading (PRO)

[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.

[Chris McConnel]

Bulls at 52 to 60 seems to be a good range for tops. (in Edit: in this bear market)

This has a good long term graph: http://www.vtoreport.com/sentiment/sentiment.htm