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Below are the results of our weekly "Guess the Dow" sentiment survey. The survey
was taken from 7/7 thru 7/13 on our web site. If you would like to participate
in this weeks survey/contest, stop by <http://www.lowrisk.com/guess.htm> .
30 day outlook:
57% bullish, 52% last week
14% bearish, 15% last week
29% neutral, 33% last week
(percentages may not sum to 100 due to rounding)
Average guess for the DJIA closing value on Friday, 7/18 : 7957 (it was 7718
last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
Last week's sentiment numbers were strongly bullish. This week's numbers are
even more so. The bulls picked up 5% to 57% while the bears dropped 1% down to
14%. This is the highest reading for bears and the lowest reading for bulls
since we began our survey. Last weeks price action was very choppy, volatile and
predominantly sideways. The increase in bullishness in the survey, given the
already strongly bullish posture and last week's price action, leaves us wary of
the market this week.
We now have three sponsors for our contest this week. Weekly winners will now
receive a two month subscription to the Early Bird Club at the Short Term Stock
Selector AND a one year subscription to The Blue Star List AND a one year
subscription to Jack's Picks.
If you would like to try this weeks "Guess the Dow" contest, stop by our site
at: <http://www.lowrisk.com/guess.htm> .
regards,
Jeff Walker
Lowrisk Market Analytics
mailto:jwalker@xxxxxxxxxxx
http://www.lowrisk.com
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