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Take a look at a real time QQQ day chart. It appears to me that we have a
positive looking NASDAQ breakout from its long-intermediate term down trend.
Very constructive higher volume price activity, indeed. Today's positive price
action will have to stay at close to this level to maintain this buy signal.
LAP
Daniel Martinez wrote:
> You might want to use something more dependable such as Investors
> Intelligence Bull/Bear sentiment. You can find it in Barron's or IBD. I use
> a web page: http://www.fiendbear.com/marketre.htm
> I contacted the author and he said right now sentiment is still too bullish
> to signal a major bottom. It does seem still too bullish:
> Investors Intelligence: 52.6% Bulls, 23.7% bears; prev week: 52.5%, 23.2%
>
> Daniel.
>
> Lionel Issen wrote:
>
> > Since there seems to be very few postings to this web site we may be at a
> > market bottom.
> >
> > This sentiment indicator is similar to my public library indicator.
> > Some time back I noticed that at market highs, at the public library, the
> > shelves for stock market books were mostly empty; while at market bottoms
> > the shelves would be stuffed with books.
> >
> > Don't bet the bank on this one.
> >
> > Past performance is no guarantee of future performance. :))
> >
> > Comments anyone?
> > Lionel Issen
> > lissen@xxxxxxxxxxxxxx
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