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I forgot to append this week's sentiment report to my last message...
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LOWRISK.COM
INVESTOR SENTIMENT SURVEY
11 / 22 / 99
brought to you by InvestorMap.com
the biggest directory of investing sites on the net.
>> http://www.investormap.com <<
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A big announcement this week...
We just finished loading all the historical Lowrisk.com sentiment
data onto our web site. Our readers have long been asking for this
and we finally made the decision to release this data publicly. The
data starts with our first "Guess the Dow" contest in May, 1997. The
data is available on a web page that you can cut and paste, and it
is also on the site as a comma separated file that you should be
able to import spreadsheets and charting packages. You can find the
data at:
http://lowrisk.com/sentiment-hist.htm
Below are the results of our weekly "Guess the Dow" sentiment
survey. The survey was taken from 11/15 through 11/21 on the
Lowrisk.com web site.
Number of participants: 479
30 day outlook:
54% bullish, 49% previous week
17% bearish, 32% previous week
29% neutral, 19% previous week
(percentages may not sum to 100 due to rounding)
Median guess for the Dow closing value on Friday, 11/26: 10,972 (it
was 10,675 last week). More complete sentiment data is available at:
<http://www.lowrisk.com/sentiment.htm> .
Investor sentiment grew more bullish last week, and the bears all
but disappeared. The bearish reading of 17% is the lowest reading we
have had since 4/5/98. The five week moving average of bearish
sentiment is now 34.3%, the lowest reading since a 32.8% reading on
7/25/99 (right at the start of a 10%+ correction).
The bullish reading of 54% is starting to get up into the danger
zone. The bulls should really start getting nervous if this number
gets up to 60%. Meanwhile, the neutral reading is relatively high at
29%. We have noted a rough correlation between high neutral readings
and increased market volatility.
Please stop by and put in your opinion on the market...the more
participation we get, the better our sentiment data. Please stop by
to take part in this week's survey at:
<http://www.lowrisk.com/guess.htm>.
best regards,
Jeff Walker
jwalker@xxxxxxxxxxx
InvestorMap.com- THE investing directory http://investormap.com
Lowrisk.com- making sense of the market http://www.lowrisk.com
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